Kaloom attracts top-up funding
Saguna snapped up
The regulatory green light for a UK service provider mega-merger, funding for an edge networking specialist and the acquisition of an edge pioneer are at the top of today’s news pile.
The UK’s Competition & Markets Authority (CMA) has given the go-ahead for the merger between mobile operator
O2 (Telefónica UK) and cable operator
Virgin Media, a deal that creates a service provider with annual revenues of about £11 billion, more than 34 million mobile customers and over 5.5 cable broadband users. The deal was first announced more than a year ago and is now set to complete during the next 10 days, creating a significant rival for both BT and Vodafone. The flip side of the coin, though, is that mergers often create a mess, so it remains to be seen if this move works out well for the companies and, more importantly, their customers. Read more.