Virgin Media O2 (VMO2) has merged its B2B operations with Daisy Group, a specialist communications provider. The merger is supported by significant funding, including a £425m intercompany loan from VMO2 and £835m in debt from Daisy. The resulting company, with projected annual revenues of £1.4bn, aims to serve various UK businesses, from SMEs to public sector organizations. The merger combines VMO2's connectivity infrastructure with Daisy's IT services, offering cloud, 5G, IoT, and AI-powered products, benefiting clients with enhanced expertise and service quality.
The merger aims to create a powerful entity that leverages VMO2's extensive infrastructure and Daisy Group's IT services to cater to diverse business needs.
This new joint venture anticipates annual revenues of around £1.4bn, with a focus on providing advanced digital-first solutions to UK businesses.
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