Tesco Mobile breaches £600m debt facility after reporting failure

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Tesco Mobile breaches £600m debt facility after reporting failure

The UK’s biggest virtual mobile network operator has breached the terms of its debt facility after a reporting shortfall, City AM can reveal. Tesco Mobile, which has more than 5m customers and is owned by Virgin Media O2 and Tesco, identified a breach in covenants in the funding agreement it has with the Royal Bank [...]