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It’s mavericks like Elon Musk who’ll get us through this crisis

16 May 2020

9:00 AM

16 May 2020

9:00 AM

This month’s most significant corporate deal attracted less attention than it might have done in normal times, crowded out by grim news elsewhere. It is the proposed £31 billion merger of O2 and Virgin Media to create a telecoms giant with 46 million customers. Following BT’s 2016 acquisition of the mobile operator EE, further ‘convergence’ in the sector had been expected, but the mid-lockdown timing was spun as a vote of confidence in the UK, described as ‘one of the most attractive markets on Earth’ by José María Alvarez–Pallete, chief executive of Telefónica of Spain, which owns O2.

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