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Virgin Media's chief to be named CEO of merged company after tie-up with O2: Sky News

Published 04/06/2021, 04:00 PM
Updated 04/06/2021, 04:06 PM
© Reuters. Handout photo of Navin Shenoy, executive vice president and general manager of the data platforms group at Intel Corp, holding one of the company's "Ice Lake" data center chips

(Reuters) - Virgin Media's boss, Lutz Schuler, will be named on Wednesday as the chief executive of the British broadband company's joint venture with the Telefonica (NYSE:TEF) SA's UK mobile network O2, Sky News reported on Tuesday.

Patricia Cobian, O2's finance chief, will be appointed to the equivalent role at the joint Venture, Sky News https:// reported citing city sources.

Virgin Media and Telefonica did not immediately respond to requests for comment.

Virgin Media, owned by Liberty Global Plc (NASDAQ:LBTYA), is awaiting regulatory approval for its 31 billion-pound ($42.86 billion) tie-up with O2, according to Sky.

The Competition and Markets Authority (CMA) has a statutory deadline of late May for making a judgment on the deal, the report added.

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