Virgin Mobile Raising $100M From Investors
Virgin Mobile is raising up to $100 million (62 million pounds) 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.
15 October 2012•1 min read
