Virgin Media O2 could raise over £1 billion from towers sale

Virgin Media O2 is shop windowing its UK towers business, courting the attention of would-be investors interested in a deal that could bring in well over £1 billion.
The UK operator has begun a process that, if successful will see it offload at least half of its stake in Cornerstone, the country’s biggest telecoms towers company, the Financial Times reported on Thursday, citing an unnamed source close to the situation.
Clearly VMO2 is keen for the industry to know that its towers are