One Million Customers for Virgin Mobile Saudi Arabia
Published on: 20th Oct 2015
Note -- this news article is more than a year old.
Virgin Mobile says that it has signed up its one millionth customer in Saudi Arabia.
The company said that the milestone has been achieved in less than one year since the commercial launch of the MVNO, making it the mobile telecommunications company with the fastest growth rates across the GCC in 2014 and 2015.
Karim Benkirane, Chief Executive Officer, Virgin Mobile Saudi Arabia, said: "At Virgin Mobile we are working hard to be right at the front of the customer revolution that is sweeping our industry, and make mobile better. Virgin Mobile is the next generation mobile service that is being built by today's talented young Saudi Arabians, so we are on a great path."
Virgin Mobile Saudi Consortium is the local subsidiary company of Virgin Mobile Middle East & Africa, itself a merger of Virgin Mobile's South Africa based MVNO and Friendi Group's MVNO businesses in the Middle East.
In March 2013, the state owned Gulf Investment Corp (GIC) invested USD50 million, making it a large, if undefined shareholder in the group.