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Virgin Mobile to invest USD 300 mln in LatAm MVNO business

Monday 20 February 2012 | 05:24 CET | News
Virgin Mobile plans to invest USD 300 million in Latin America over the next five years to expand its MVNO business. Virgin Mobile Latin America expects to start offering service in Chile and Colombia this year, before moving into Brazil, Argentina, Mexico and Peru, the company's CEO, Peter Macnee, said in an interview with Bloomberg. Virgin will buy network space from other operators to avoid having to build its own infrastructure, Macnee added. The company has an agreement to purchase network space from Movistar Colombia and has reached a marketing accord with Valorem's Cine Colombia

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Categories: Mobile & Wireless
Companies: Movistar Colombia / Virgin Mobile
Countries: Latin America
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