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Virgin Mobile Middle East and Africa (VMMEA) secured $20 million in funding from investors including Kuwait-based Wafra Investment International and Impulse International to expand its operations in the country.
VMMEA and Kuwait Telecommunications Company, which is owned by Saudi Telecommunications Company, obtained a licence from Kuwait’s Communication and Information Technology Regulatory Authority last month. Under the brand name of Virgin Mobile Kuwait, it is expected to launch services in the fourth quarter of this year.
It will be the fourth service provider and the first mobile virtual network operator (MVNO) in Kuwait.
“We are thrilled to be launching in Kuwait … [it] will usher in a new era in connectivity and customer-led service,” Erik Dudman Nielsen, founder and chief executive of VMMEA, said.