VMO2 reportedly eyeing £3 billion CityFibre swoop

Virgin Media O2 (VMO2) might be willing to splash the cash to boost its fibre footprint.
The Liberty Global-owned UK cableco is exploring the possibility of acquiring altnet CityFibre, according to unnamed sources cited in a Telegraph report (paywall) on Saturday. As always, a generous pinch of salt is a recommended accompaniment to rumours like this.
With that said, the newspaper asserts that initial talks have taken place between Liberty Global CEO Mike Fries and his CityFibre counterpart, Gre