Virgin Mobile Latin America (VMLA) is reportedly planning to launch a mobile virtual network operator (MVNO) in Brazil within the next 18 months, becoming the third reseller operation in the country in the process. The announcement follows developments earlier this month in which VMLA confirmed it has secured USD26.5 million in new equity financing from existing shareholders Virgin Group and ePlanet Capital, as well as from new investors Hermes Growth Partners (HGP), CANEPA and Souter Investments.
Link:
OVETEL Virgin Mobile could launch Brazilian MVNO within 18 months
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