British tycoon Richard Branson has confirmed that the UK-based Virgin Group has entered into negotiations with a selection of Russian mobile operators over a possible mobile virtual network operator (MVNO) deal, Reuters reports. Speaking on the sidelines of an innovation conference in Moscow, Branson said that Virgin could invest up to USD1 billion in Russia-focused businesses if its dual plans for an MVNO and a Virgin Atlantic London-Moscow flight slot come to fruition. The tycoon said: ‘We use their networks, and they use our brand.
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