Virgin Mobile Secures MVNO License in Saudi Arabia
Published on: 16th Mar 2014
Note -- this news article is more than a year old.
Saudi Arabia's telecoms regulator has issued a MVNO license to Virgin Mobile's Middle Eastern group, the company announced.
It had applied for the license some time ago, and has been hiring staff for the local operations since last October.
Sir Richard Branson, founder of Virgin Group commented, "I am delighted that we are able to bring the Virgin Mobile experience to our Saudi Arabian customers. The award of this licence further consolidates our position as the market-leading MVNO in the region, positioning Virgin Mobile Middle East and Africa perfectly for future growth."
Virgin Mobile Middle East Africa (VMMEA) was formed from the merger of Virgin Group and Friendi Group's local operations in the region back in 2012.
Virgin Group remains the largest individual shareholder of the combined group holding a significant (if unspecified) minority stake.