--Virgin Media O2 is in talks to sell part of its stake in telecommunication-tower business Cornerstone to investment firm GLIL in a deal that could value the whole business at 2.5 billion pounds ($3.03 billion), Reuters reports, citing unnamed sources.

--Virgin Media O2, jointly owned by Telefonica and Liberty Global, could sell a stake of less than 25% in Cornerstone, according to Reuters.

--Virgin Media O2 and GLIL declined to comment when contacted by Dow Jones Newswires.

Full story: https://shorturl.at/cdoyV

Write to Adria Calatayud at adria.calatayud@dowjones.com

(END) Dow Jones Newswires

October 30, 2023 10:08 ET (14:08 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
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