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Tele2 has sold its French MVNO operations to Virgin Mobile for approximately SEK 575 million ($83 million) on a debt and cash free basis. Completion is expected once all the regulatory papers are ready and that’s expected to be completed in the following months.
Under the deal, Virgin Mobile France will get Tele2 France’s approximately 429,000 customers, which will be added to Virgin Mobile’s base of 1.6 million users.
For the record, Tele2 France was a loss-making operation for Tele2. And in case you’re wondering, Virgin Mobile France is an MVNO formed as a joint venture between Virgin Group and Carphone Warehouse.
[Via: CellularNews]
About The Author
Dusan Belic
Dusan has been using smartphones since their introduction and is now following the latest trends in the industry. The "convergence" is what he's most excited about, and writing about it is the next logical thing to do. He thinks that using a smartphone is what everyone who cares about their time should do. In addition to his interests in mobile phones, Dusan also loves to experiment with the latest web and mobile 2.0 services. The idea of accessing and managing your information from any device no matter where you are simply amazes him. Whether it's an online to-do list, note taking service or a video sharing social network, he's there to try it out. He admits though, he's still searching for the ultimate web-based organizational tool, which "sings" perfectly with the mobile PIM application. Dusan used to run SymbianWatch.com which later became part of IntoMobile. He lives in Serbia, South-East Europe, from where he edits the site on a daily basis.
