Why Virgin Media O2 is cutting jobs and retreating from fibre

Virgin Media O2’s decision to cut thousands of jobs and halt further fibre upgrades marks quite the retreat for a company once positioned as BT’s biggest challenger, writes Saskia Koopman. Five years after Virgin Media and O2 merged to create a £31bn telecoms giant, VMO2 is battling falling revenues, ongoing customer losses and over £22bn [...]