Virgin Mobile France Explained

Virgin Mobile France
Type:Subsidiary
Successor:RED
Defunct:18 May 2016
Key People:Pascal Rialland (CEO)
Geoffroy Roux de Bezieux (Chairman)
Richard Branson (Founder)
Industry:Mobile Phones
Products:Prepaid Mobile Phones
Num Employees:90
Foundation:3 April 2006
Location:France

Virgin Mobile France was a cellular telephone operator in France. It launched in 2006 as a joint venture between Virgin Group and Carphone Warehouse. The company operated as a mobile virtual network operator (MVNO), whereby it did not own or operate its own mobile network but instead used the network of Orange S.A. As of June 2014, the company was the largest MVNO in France, with 1.5 million customers, and had a market share of 1.3% at the beginning of 2014.[1]

Carphone Warehouse and Virgin Group reached an agreement to sell their holdings to the French cable TV operator Numericable in June 2014 for €325 million, subject to regulatory approval.[2] The sale was completed on 5 December 2014.[3]

In November 2015, Numericable-SFR (now SFR) announced it would discontinue use of the Virgin Mobile brand, moving customers on fixed-term plans to its SFR brand, and those without contracts to its RED brand.[4]

See also

Notes and References

  1. News: Carphone sells Virgin Mobile France to Numericable . Armstrong . Ashley . The Telegraph. 30 June 2014 . 7 September 2014.
  2. News: Carphone Warehouse, Virgin agree Virgin Mobile France disposal . Davey . James . Reuters . 30 June 2014 . 7 September 2014.
  3. Web site: Virgin Mobile Acquisition . 5 December 2014 . Numericable-SFR . 11 December 2014.
  4. News: SFR to replace Numericable brand, Virgin Mobile France will be phased out. 2 May 2016. TeleGeography. 9 November 2015.