LONDON Oct 15 (Reuters) – Virgin Mobile is raising up to
$100 million from investors and private equity groups to roll
out the Virgin Mobile brand to at least six new markets, the
Financial Times reported on Monday.
Virgin Mobile, a mobile virtual network operator that aims to
reach $3 billion in worldwide revenues by 2020, is seeking to
expand to Brazil, Colombia, Chile, Poland, South Africa and
Oman. It currently has 18 million subscribers in nine countries.
Richard Branson, head of the London-based Virgin Group, was
quoted by the FT as saying that he hoped to expand Virgin
Mobile’s central and eastern European operation from Poland,
which he will launch in 10 days, to Russia, and perhaps Turkey.
“We’re waiting for a licence in Russian for (Virgin Atlantic)
flights to Moscow. If we’re successful in that, it will help us
push into Russia proper” with Virgin Mobile, he said.
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