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The decline of an American institution

One thing to start: Liberty Global and Telefónica have reached an agreement to combine their British operations O2 and Virgin Media, in a tie-up worth more than £24bn that is set to reshape the UK’s telecoms market. The deal will be announced today after five months of negotiations between the Spanish telecoms company and the US group controlled by billionaire John Malone, people with direct knowledge of the matter said. Department stores are acutely aware of changing trends. Read More...

One thing to start: Liberty Global and Telefónica have reached an agreement to combine their British operations O2 and Virgin Media, in a tie-up worth more than £24bn that is set to reshape the UK’s telecoms market. The deal will be announced today after five months of negotiations between the Spanish telecoms company and the US group controlled by billionaire John Malone, people with direct knowledge of the matter said. Department stores are acutely aware of changing trends.

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