LIBERTY GLOBAL PLC

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UK's Virgin Media O2 customers will not face roaming charges

01/10/2022 | 05:56am EDT
UK Parliament recalled from summer recess to debate the sitaution in Afghanistan

LONDON (Reuters) - Britain's Virgin Media O2 said on Monday it would not reintroduce roaming charges in Europe, unlike its three major rivals which are bringing back the fees following Brexit, winning praise from the prime minister.

Roaming charges were abolished in the European Union in 2017, but the benefit was not protected in the Brexit agreement Britain signed with the bloc.

EE, Vodafone and Three have all announced they will re-impose charges for some customers this year.

Virgin Media-02, jointly owned by Spain's Telefonica and U.S company Liberty Global, said its O2 and Virgin Media customers would be able to use data, calls and texts just as they would in the UK.

Its rivals typically plan to charge customers on newer contracts 2 pounds ($2.72) a day to roam in EU countries, unless they buy an add-on package available from some operators.

Boris Johnson, the British prime minister who led the campaign for Brexit and agreed the divorce deal, said on Twitter that he welcomed the Virgin Media 02 decision.

Campaigners wanting to keep Britain in the world's biggest trading bloc had cited the removal of roaming fees as one of the benefits of membership in the run up to the referendum.

($1 = 0.7357 pounds)

(Reporting by Paul Sandle; Editing by Kate Holton)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
EURO / BRITISH POUND (EUR/GBP) 0.29% 0.85063 Delayed Quote.1.07%
LIBERTY GLOBAL PLC 4.83% 23 Delayed Quote.-17.09%
TELEFÓNICA, S.A. -1.49% 4.706 Delayed Quote.24.01%
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Sales 2022 7 339 M - -
Net income 2022 -261 M - -
Net Debt 2022 11 349 M - -
P/E ratio 2022 -325x
Yield 2022 -
Capitalization 11 944 M 11 944 M -
EV / Sales 2022 3,17x
EV / Sales 2023 3,04x
Nbr of Employees 11 200
Free-Float 92,0%
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Charles Henry Rowland Bracken Co-Chief Financial Officer
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