Drawback Vodafone to Virgin Media dumps deal

Virgin Media limits mobile phone numbers deal with Vodafone boss Nick Read. delivering

Virgin Media has terminated the mobile phone deal, delivering another hit on Vodafone boss Nick Read.

It costs a five-year deal, running from January 2021 to launch 5G services for Virgin Mobile’s three million customers.

Split: Virgo completed the £31billion tie-up with O2 last year, prompting speculation that Vodafone should be replaced.

The agreement has ended 20-year relationship with BT EE.

But in a shaken letter to the servants, the Virgin said, “Notice has been given to get rid of this agreement.”

Virgin completed a £31billion internet connection with O2 last year, with speculation urging Vodafone to restore it. The transition could begin as early as this year – before the 2026 final day is scheduled. Analysts in Enders said it could be a “substantial” hit to represent Vodafone’s gains.

Read is working to remake 37billion group Vodafone – under pressure from activist investore Cevian Capital.

The letter last week revealed that Vodafone wanted to launch a secret overhaul codenamed Project Galaxy to re-organize its global enterprise division.

The company inspected the purchases of rival mobile firm Three and last week, regulator Ofcom opened the link showing concerns about mobile consolidation.

Separately, Vodafone has denied the £9.2billion access to its Italian business from France and Odyssey partners Apax.

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