Equitix to acquire the mobile towers business of Virgin Media O2.

Equitix, an investment company, agreed to acquire the mobile towers business of Virgin Media O2, a British mass media and telecommunications company. Financial terms were not disclosed. Telecoms groups have in recent years sold full or partial holdings in their mobile masts businesses while seeking to fund investment and cut debt. The national network of more than 15k sites is used by the company and Vodafone UK.