Owners of Virgin Media O2 Weigh Steps to Tackle £22bn Debt Amid Bond Rout
Shareholders Telefónica and Liberty Global are evaluating measures to reduce Virgin Media O2’s £22 billion debt load after a bond sell-off prompted by investor concern. Options under review include trimming this year’s expected £200 million dividend, workforce reductions and lower capital spending, while both unsecured and secured bonds have seen s…