Richard Branson’s Virgin Group is planning to dilute its shareholding in mobile virtual network operator (MVNO) Virgin Mobile South Africa by selling a portion of its shares to Dubai’s FRiENDi Group, TechCentral reports. The article coincides with rumours that Virgin Mobile South Africa CEO Steve Bailey has decided to step down, and plans to quit the company at the end of this month
Taken from:
OVETEL With FRiENDi like this, who needs enemies? MVNO firm eyes up Virgin SA
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