Liberty Global chief executive Mike Fries said business secretary Jonathan Reynolds is “anxious” for large telecoms companies to purchase the UK’s struggling “altnet” broadband providers over fears many could collapse and leave customers without internet.
At an industry conference on Tuesday, Fries claimed Reynolds wanted to see Liberty — which owns 50 per cent of UK provider Virgin Media O2 — and other large players step in and buy altnets.
Fries indicated that Liberty intended to do so.
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