Telefónica's British subsidiary is negotiating the purchase of Netomnia for 2.3 billion euros.

Telefónica's British subsidiary, Virgin Media O2 (VMO2), is currently negotiating the acquisition of fiber optic operator Netomnia for approximately €2.3 billion, according to yesterday's online edition of the Financial Times. Sources indicate that the joint venture between Telefónica and Liberty Media (Virgin Media) is positioning itself to strengthen its high-speed fixed-line connectivity offerings. With this move, the Anglo-Spanish operator hopes to gain access to 2.8 million new households, as well as the 400,000 existing customers of what is considered the UK's largest broadband provider.

Among the possibilities that the acquisition of Netomnia represents for VMO2, the anticipated integration with Nexfibre, Telefónica's fiber optic arm, and Virgin Media stands out. Virgin Media has promised an initial rollout of five million premises and anticipates an investment of approximately £4.5 billion over the next five years.

The publication of the negotiations between VMO2 and Netomnia, on which Telefónica declined to comment, comes on the eve of the presentation of the Spanish group's Strategic Plan, scheduled for November 4.

The nascent consolidation of VMO2 in the UK underscores Telefónica's clear intention to become a truly significant operator in Europe , as acknowledged by the telecom's chairman, Marc Murtra, at the multinational's shareholders' meeting. Specifically, Murtra summarized his group's priorities in three words: Europe, Europe, and Europe. This same strategy underlies Telefónica Germany's potential negotiations, with the operator 1&1 in its sights.

Telefónica's British subsidiary, Virgin Media O2 (VMO2), has announced an agreement with Elon Musk's satellite operator Starlink , which will allow the telecom company to offer mobile connectivity services in rural areas of the UK where there is no fiber, cable, or cellular network access. Initially, the service will be limited to SMS and data, but will not include voice calls.

Telefónica's new product in the UK, called O2 Satellite, is expected to expand in the coming months, adding digital mapping and location services (Find My Location) to its offerings. Furthermore, the partnership between the two companies strengthens the Starlink satellite technology already used to provide mobile backhaul to some of the country's most remote locations.

According to the telecommunications company, O2 Satellite will allow customers to use their phones in more rural areas, from Lands End to Inverness. This will give them peace of mind and the assurance that they can stay connected with the rest of the world while traveling or hiking, camping, or sailing in coastal areas, thanks to Virgin Media O2's coverage.

Telefónica Group is accelerating its exit from Mexico through a deal with BeyondOne, the telecom company that owns the Virgin Mobile Mexico brand, valued at €500 million. According to El País, the Dubai-based company is awaiting approval from Mexico's new competition authority, the National Antimonopoly Commission (CNA).