The parent companies of Virgin Media O2 are reportedly seeking external investors to help fund the rollout of full fibre infrastructure to as many as seven million properties currently unserved by its cable network.
Liberty Global and Telefonica merged their UK assets in a £31 billion transaction last year and every one of the 15.5 million homes and businesses served by its cable network can now access broadband speeds of 1Gbps.
The company plans to upgrade its entire infrastructure to fibre to the premise (FTTP) technology by 2028 but multiple reports suggest it wants to go even further. Indeed, prior to the merger both Virgin Media and O2 promised to invest £10 billion in the combined business over the next five years.
