A few 12 months in the past, Liberty International and Telefonica introduced they deliberate to merge two UK companies — Liberty’s Virgin Media and Telefonica’s O2 — in a $38.55 billion three way partnership. That deal is predicted to be authorised quickly by the Competitors and Markets Authority within the UK.

Within the meantime, Liberty International and Telefonica as we speak introduced their intention to nominate Lutz Schüler as CEO and Patricia Cobian as CFO of the proposed 50-50 three way partnership.

The three way partnership will serve 46 million mounted and cell clients within the UK. It brings collectively Liberty International’s Virgin Media broadband community and Telefonica’s O2 cell platform.

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Schüler is presently CEO of Virgin Media, a place he’s held since 2019. Previous to that, he spent greater than seven years as CEO of Unitymedia, Liberty International’s German operation, which was offered to Vodafone in 2018. Schüler is a 27-year veteran of the telecom trade, starting his profession at T-Cellular Deutschland in 1994.

Cobian is presently CFO for O2, a place she has held since 2016. Throughout a 15-year profession with Telefonica she has held a variety of senior administration positions, together with director of enterprise growth at Telefonica Europe.

“Collectively, Virgin Media and O2 might want to shortly capitalize on strategic alternatives in community enlargement, digitalization, convergence, 5G and video,” stated Mike Fries, CEO of Liberty International, and José Maria Alvarez-Pallete Lopez, CEO of Telefonica, in a press release.

Mark Evans, who has been the CEO of O2 since 2016, will transfer on to different issues.

Evans stated: “It has been each a private {and professional} honor to have established O2 because the UK’s primary cell community and most compelling model. I am assured the three way partnership I helped convey to the desk will come to fruition and go on to determine itself because the nationwide connectivity champion the UK deserves.”