Equitix to acquire an 8.33% stake in Cornerstone from Virgin Media O2 for £186m.

Equitix, a private equity firm, agreed to acquire an 8.33% stake in Cornerstone, a mobile and digital infrastructure provider, from Virgin Media O2, a telecommunications company, for £186m. “This additional minority stake sale follows the same logic and strategic rationale as our previous deal, allowing us to successfully monetise our infrastructure while retaining a controlling share in an important asset. Equitix is another strong partner to have onboard that clearly sees the long-term value in Cornerstone at a time when we are investing billions of pounds to enhance 4G coverage and bring 5G to new areas of the country," Lutz Schüler, Virgin Media O2 CEO.