Virgin Media O2 and Daisy Group are merging to form a new B2B entity, positioned to enhance digital connectivity solutions for UK businesses, with a projected annual revenue of £1.4 billion.

Information on the Target

The proposed merger aims to create a new business-to-business (B2B) entity by combining Virgin Media O2 Business and Daisy Group. Under this agreement, Virgin Media O2 will hold a 70% ownership stake, while Daisy Group will maintain a 30% stake in the new entity. With projected annual pro forma revenues of approximately £1.4 billion, the new organization will leverage Virgin Media O2's advanced fixed and mobile infrastructure along with Daisy Group's digital-first operations and modern IT systems.

The leadership of the new entity will be strengthened by the experience of Daisy Group founder, Matthew Riley, who will serve as Chairman, and Jo Bertram, the current Managing Director of Virgin Media O2 Business, who will take on the role of CEO. This combination of leadership is designed to harness the strengths and expertise from both companies, ultimately benefiting numerous UK businesses.

Industry Overview in the UK

The communications and IT sector in the UK is witnessing rapid transformation driven by evolving consumer demands and technological advancements. As businesses seek enhanced connectivity solutions, there is a significant push