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SK to invest US2.2B in new growth ventures

SK Telecom, South Korea’s largest mobile operator, has a war chest of over US$2 billion to invest in new areas of growth over the next five years to offset slowing growth in its domestic market, the operator’s new chief executive said today

Virgin Mobile France eyes 3G network license

Virgin Mobile France is seriously considering the possibility of bidding for France’s fourth 3G network license, according to Telecompaper, which cites a AFP report.

Bell takes control of Virgin Mobile Canada

Canadian operator Bell has acquired 100 percent of leading Canadian MVNO, Virgin Mobile Canada, in a bid to bolster its standing in the country’s increasingly competitive discount mobile market.

Virgin Mobile USA reports 301% rise in Q1 profit

Virgin Mobile USA, the country’s largest MVNO, has reported better-than-expected first-quarter profit as the firm’s prepaid and hybrid tariffs appeared to resonate with increasingly cost-conscious consumers.

Virgin Mobile mulls bid for French 3G license

Virgin Mobile France has confirmed it is studying possibilities to bid for the country’s fourth 3G license, including potential partnerships.

French govt to launch mobile tender by end July

Dow Jones Newswires reports that the French government still plans to launch the tender offer for frequencies set aside for the country’s fourth 3G mobile phone license before the end of July.

Orascom eyes French market entry

Egypt’s Orascom wants to enter the French mobile market and is prepared to partner with a candidate for the country’s fourth 3G license.

Sprint Nextel to acquire Virgin Mobile USA

BREAKING NEWS – US operator Sprint Nextel is to acquire MVNO Virgin Mobile USA for US$483 million. Virgin Mobile operates a prepaid service running over Sprint’s network.

Branson collects US250M from Virgin Mobile USA sale

Sir Richard Branson has pocketed US$250 million (£152 million) from the sale of Virgin Mobile USA to Sprint Nextel, reports Times Online

France launches bid process for new 3G license

The bidding process for France’s long-awaited fourth 3G license was launched by the country’s government on Saturday, with an asking price of EUR240 million.