O2 (Virgin Media O2)
O2 (Virgin Media O2) is a UK mobile network operator that sells mobile phone tariffs, SIM-only plans, and devices such as smartphones, tablets, smartwatches, and accessories to consumers and businesses.www.o2.co.uk
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Search complete. 35 mentions across 16 episodes found for "O2 (Virgin Media O2)".
Nov 3, 2026
John BakerCORRESPONDENT
In international news, the Israeli opposition bloc led by Gadi Eizenkot has gathered for the first time since elections as they strategise how to oust Prime Minister Benjamin Netanyahu with divisions on whether to ally with Arab lawmakers.
John BakerCORRESPONDENT
British telecoms group Virgin Media O2 said that it would cut thousands of jobs in a sweeping cost-saving programme helped by greater use of AI to reduce its debt pile.
John BakerCORRESPONDENT
The telecoms group said it expected to save around £300 million in staff expenses as part of a broader plan to slash costs by about £800 million a year by 2029.
John BakerCORRESPONDENT
The United States has today launched limited strikes on an Iranian island in the Strait of Hormuz, it has been reported, as Iranian media described five explosions in quick succession.
Sophy RidgeHOST
Headlines you should know about today.
Sophy RidgeHOST
So thousands of staff at Virgin Media O2 face redundancy as the telecoms firm looks to save money in the face of billions of pounds in debt and tougher competition.
Rob PowellHOST
And we're getting some more information about what might be in Alan Melbourne's big review into youth unemployment, the NEETs crisis.
Rob PowellHOST
That's due in two to three weeks' time.
Will BainHOST
Welcome to Wake Up To Money.
Will BainHOST
Virgin Media O2 is set to announce plans to cut thousands of jobs this week.
Will BainHOST
We hear about the pressures facing the business and the British telecom sector in general.
Will BainHOST
Also today, one day to go until the midterm elections in the United States, which could have major consequences for the world economy.
29 MINS LATER
Will BainHOST
I'm pleased to say so many of the Swedish players I love to buy are in there.
Will BainHOST
So Chris Hopper saying, Kennedy, Baki, Ikioglu definitely had here.
Will BainHOST
him on my list someone saying Clint Hill as a good first buy and Tom as I say our studio director this morning alongside a lot of you on LinkedIn saying Taribo West on a free transfer didn't matter who you played as in the game I don't think you could have him for all the way down to about League One and he'd sort you right out so we'll talk to Miles Jacob about some of his favourites a little bit later on he's got some interesting thoughts on those but do get in touch with us 85058 if you've got any favourites moving forward as well Turn to the world of telecoms, though, now, because we understand that Virgin Media O2 is set to announce plans to cut thousands of jobs this week.
Will BainHOST
The cuts to the workforce are the latest indication of financial pressures within the telecom sector, with BT and Vodafone 3 also announcing significant layoffs over the past few years.
Øyvind SkjervikGUEST
So
Ian MorrisHOST
when you go about setting up a network, you come in to do a contract and someone said, now we want this mobile network providing and in the kind of big consumer world with a VMO2 or a Vodafone rolling out 20,000 macro sites.
Ian MorrisHOST
They go and get it all from Ericsson and Nokia and it's the same stuff they're selling in Germany.
Ian MorrisHOST
But what's the process for you? I mean, is the vendor landscape quite different?
40 MINS LATER
Scott BichenoHOST
Rajiv Dutta.
Scott BichenoHOST
That's right.
Scott BichenoHOST
And then Lutz Schuller, we wrote a story, who's the CEO of VMO2, which is very much adjacent to the whole deal.
Scott BichenoHOST
He was basically saying this is all bullshit in his more diplomatic terms.
Christian MayGUEST
The market's been going through extraordinary change in recent years, not least this wave of consolidation.
Christian MayGUEST
Virgin Media O2, Vodafone 3, there's been all sorts of changes.
Christian MayGUEST
And the consequence for Virgin Media O2 at the moment is that there might very well be a very high number of redundancies from the telecom giants.
Christian MayGUEST
As they look to save money and pivot their strategy, they've got billions of pounds worth of debt and an increasingly competitive market.
Christian MayGUEST
Not just from the big giants, the BTs and the Skies, but also a whole wave of new challenger entrants.
Christian MayGUEST
So Virgin Media O2 has been shedding customers of late and it's been reported over the weekend and into the start of this week.
Christian MayGUEST
There could be a sizable chunk of its 16,000-strong workforce up for redundancy.
Christian MayGUEST
The company itself has declined to comment.
Simon JonesCORRESPONDENT
The MP for Eastleigh, Liz Jarvis, said her thoughts were with the teenagers and their families.
Tina RitchieHOST
The BBC understands that Virgin Media O2 is set to announce plans to cut thousands of jobs later this week.
Tina RitchieHOST
The exact details are yet to be finalised, but the firm is also expected to halt investments in its fibre network, as investors raise concerns about its £22 billion of debt.
Tina RitchieHOST
Our business reporter Josh Corber-Hoffman has more details.
Josh Corber-HoffmanCORRESPONDENT
The cuts to Virgin Media O2's workforce are the latest indication of financial pressures within the UK telecom sector, with BT and Vodafone 3 also announcing significant layoffs over the past few years.
Josh Corber-HoffmanCORRESPONDENT
VMO2, which currently has around 16,000 employees, has yet to decide the exact number of redundancies, but the BBC understands that the number of job losses is expected to reach into the thousands.
Josh Corber-HoffmanCORRESPONDENT
VMO2 is also highly likely to announce plans to halt investment in its fibre network this week, The Prospect Union said it was working with employers to explore ways to mitigate the number of redundancies.
Tina RitchieHOST
Police in Jersey say they're still looking for the people who've been flying drones near the island's airport, where operations have been disrupted for two nights.
speaker_0HOST
Meanwhile, Blackstone is set to sell Tokyo Garden Terrace Kyoicho to a Daiwa Securities-linked fund for an expected $1.9 billion, according to Bloomberg.
speaker_0HOST
Elsewhere, Virgin Media O2 is nearing a deal to use BT's broadband network, according to the Financial Times.
speaker_0HOST
Asian equities ended mostly lower Friday, with technology shares under heavy pressure as Japan, South Korea, and Taiwan declined, while Hong Kong outperformed on gains in value stocks.
speaker_0HOST
Taiwan's TAIX fell to a two-month low and approached a technical correction, while Australia and India advanced, and Southeast Asian benchmarks were broadly lower.
Katie McMahonHOST
ensemble cast.
Phoebe AppentengHOST
So because of all the moving parts, I've got VMED, Virgin Media O2 in my head, only because there's so many moving parts and everyone will have a role to play, i.e. you've got the antitrust regulator, CMA.
Katie McMahonHOST
Yeah.
Phoebe AppentengHOST
You've got Ofcom there who can play a part.
Scott BichenoHOST
So, all right, so going back, What was the secondary reason for you going to Wales?
Ian MorrisHOST
So the secondary reason, it was a press trip organised by Virgin Media O2.
Ian MorrisHOST
So Virgin Media O2 is like the third operator, I guess, the third consumer-facing telco in the UK market with both fixed line and mobile assets.
Ian MorrisHOST
It's a merger a few years ago between Virgin Media, which is a big cable company.
Ian MorrisHOST
And by
Ian MorrisHOST
Nice.
Ian MorrisHOST
But, I mean, there was...
Ian MorrisHOST
There was a very, very good press conference, which I'm not going to talk about very much, given by Rob Joyce when we got in on the Wednesday night at the hotel we were staying at, really going through kind of Virgin Media O2's mobile strategy.
Charlie KingHOST
Hello and welcome to Sustainability Uncut.
Charlie KingHOST
Joining me today to chat all things sustainability in telecommunications is Dana Haidan, Chief Sustainability Officer at Virgin Media O2.
Charlie KingHOST
Now, since joining in November 2022, she has focused on embedding sustainability into core business decisions, driving carbon reduction, advancing circularity, and championing digital inclusion for customers and communities.
Charlie KingHOST
And of course, leading delivery of the company's ESG strategy, the Better Connections Plan.
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