Exclusive-Britain's Virgin Media O2 nears stake sale in towers business to GLIL – sources
© Reuters. Youths look at their mobile phones as they sit in a giant deckchair on the South Pier following the outbreak of the coronavirus disease in Blackpool, Britain, August 16, 2020. Picture taken August 16, 2020.
If negotiations are concluded successfully, a deal for a minority stake of less than 25% could be announced as early as next week, two of the sources added. Telefonica and Liberty Global have been working with advisers on the sale of up to half of their combined 50% stake in Cornerstone.Cornerstone, established in 2012, is Britain's largest tower company, managing more than 20,000 sites, according to the company's website.
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