VMO2’s towers sale looks smaller than expected

Virgin Media O2 is reportedly close to selling a stake in its UK towers business, but it may bring in a little less money than previously predicted.
The UK operator is in exclusive talks with UK investment firm GLIL Infrastructure that could lead to it selling a chunk of Cornerstone, Reuters claimed over the weekend, citing as many as four anonymous sources.
Any resulting deal – and there are no guarantees, of course – could value the business as a whole at around the £2.5 bill