O2 Daisy has commenced operations, emerging from the merger of Virgin Media O2 Business and Daisy Group. The company positions itself as the second-largest SME solutions provider in the UK, intending to enhance the communications and IT experience for various businesses. Founded in 2001, Daisy Group expanded through acquisitions. With estimated annual revenues of £1.4bn, O2 Daisy combines VMO2's mobile and fiber infrastructure with Daisy's IT services. The company is set to serve a diverse range of customers from small to large organizations across the UK.
O2 Daisy, formed by the merger of VMO2 Business and Daisy Group, aims to redefine B2B telecoms and become the UK's second-largest SME solutions provider.
With annual pro forma revenues of around £1.4bn, O2 Daisy leverages VMO2's infrastructure and Daisy's IT services to enhance customer communications.
The merger allows O2 Daisy to target a wide range of businesses including SOHO, SMEs, large enterprises, and public sector organisations with digital-first connectivity.
O2 Daisy's operations are supported by significant debt contributions from both VMO2 and Daisy Group, with VMO2 holding a 70% stake in the new entity.
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