M&A Deal Summary

Telefonica and Liberty Global Acquire Liberty Global and Telefonica - UK Joint Venture

On May 7, 2020, Telefonica and Liberty Global acquired communications company Liberty Global and Telefonica - UK Joint Venture

Acquisition Highlights
  • This is Telefonica’s 4th and Liberty Global’s 9th transaction in the Communications sector.
  • This is Telefonica’s 1st and Liberty Global’s 4th transaction in the United Kingdom.

M&A Deal Summary

Date 2020-05-07
Target Liberty Global and Telefonica - UK Joint Venture
Sector Communications
Buyer(s) Telefonica
Liberty Global
Deal Type Joint Venture

Target

Liberty Global and Telefonica - UK Joint Venture

United Kingdom
Liberty Global and Telefonica - UK Joint Venture consists of Virgin Media and O2. The combination of Virgin Media and O2 will create a nationwide integrated communications provider with over 46 million video, broadband, and mobile subscribers and £11 billion of revenue.

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Buyer(S) 2

Buyer

Telefonica

Madrid, Spain

Category Company
Founded 1924
Sector Communications
Employees100,870
Revenue 41.3B EUR (2024)
DESCRIPTION

Telefonica is a telecommunications group that provides fixed and mobile telephony services through networks in Spain, Europe, and Latin America. Telefonica was founded in 1924 and is based in Madrid, Spain.


DEAL STATS #
Overall 7 of 13
Sector: Communications M&A 4 of 6
Type: Joint Venture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 3
Year: 2020 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-20 Telefónica SA - Telefonica CAM

Madrid, Spain

Telefónica SA - Telefonica CAM is the second largest mobile provider in Costa Rica, with about 8.7 million total customers. Telefonica CAM consists of Telefónica Móviles Panamá, S.A., Telefónica de Costa Rica TC, S.A. (and its wholly owned subsidiary, Telefónica Gestión de Infraestructura y Sistemas de Costa Rica, S.A.) and Telefonía Celular de Nicaragua, S.A.

Sell $1.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-30 Telefonica SA - Costa Rica Business

Costa Rica

Telefonica SA's Costa Rica Business is a mobile service provider with 2.3 million subscribers, and its mobile network currently has approximately 90% LTE population coverage.

Sell €425M
Buyer

Liberty Global

London, United Kingdom

Category Company
Founded 2004
Sector Communications
Employees6,820
Revenue 4.3B USD (2024)
DESCRIPTION
Liberty Global's office in downtown Denver, Colorado.
Liberty Global's office in downtown Denver, Colorado.

Liberty Global is an international telecommunications and television company that delivers next-generation products through advanced fibre and 5G networks that connect 85 million subscribers across Europe and the United Kingdom. Liberty Global was founded in 2004 and is based in London, United Kingdom.


DEAL STATS #
Overall 15 of 20
Sector: Communications M&A 9 of 12
Type: Joint Venture M&A Deals 2 of 4
Country: United Kingdom M&A 4 of 5
Year: 2020 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-01 Believ

London, United Kingdom

Believ is an electric vehicle (EV) charge point operator (CPO) on a mission to deliver cleaner air for all. It installs, operates and maintains all speeds of publicly accessible charge points at zero cost to both public and private hosts. Believ is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-12 Sunrise Communications

Zurich, Switzerland

Sunrise is a Swiss telecom provider. The company has fixed line and mobile subscribers and operates nationwide GSM and UMTS mobile networks as well as a nationwide fibre optic broadband network stretching over 9,000km allowing for an 80% direct broadband coverage to households nationwide. Sunrise Communications Group was founded in 2015 and is based in Zürich, Switzerland.

Buy Fr.6.8B