Virgin Media O2 creditors hire Milbank as UK regulator flags deal concerns

Bloomberg · 4 hours ago
  • Some of Virgin Media O2's biggest creditors are getting legal advice from Milbank LLP.
  • The legal step follows a UK regulator flagging concerns over a deal that would have provided Virgin Media O2 with much-needed cash.
  • The report cites people familiar with the matter and names no dated primary regulatory filing, so no event date is established.