Thursday, Jul 30th, 2026 (8:09 am) - Score 10,480Multiple news reports appear to be indicating that the owners of UK broadband, mobile and TV provider Virgin Media (O2), Telefónica and Liberty Global, may need to execute a significant round of cost-cutting (e.g. in order to get the company’s £22bn debt mountain under control. According to the FT (paywall), VMO2’s safer senior secured bonds are also being said to have “fallen sharply” (i.e. the price of a $1.4bn note reached 76 cents, down from 92 cents in early 2026). AdvertisementThe situation appears to increase the possibility that Liberty Global might need to go through a similar strategic review and bout of restructuring as co-parent Telefónica did this last year (here).