Telefonica, Liberty Global weigh combining UK units: Bloomberg News

The logo of Telefonica is seen on company’s headquarters in Bogota, Colombia May 28, 2019. REUTERS/Luisa Gonzalez

(Reuters) – Spain’s Telefonica SA (TEF.MC) and billionaire John Malone’s Liberty Global Plc (LBTYA.O) are exploring a combination of their UK operations, Bloomberg News reported on Friday.

The companies are discussing a potential deal to combine Telefonica’s O2 mobile network and Liberty Global’s Virgin Media business, Bloomberg said, citing people with knowledge of the matter.

A Telefonica spokesman said the company had no comment on the report, while Liberty Global did not immediately respond to Reuters’ request for comment.

Reporting by Bhargav Acharya in Bengaluru and Belen Carreno; Editing by Shinjini Ganguli

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