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Virgin Mobile's Middle East arm secures $20m for Kuwait launch

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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. ....

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Virgin Mobile develops Saudi banking app

RIYADH: Telecom provider Virgin Mobile has signed an agreement with the Saudi Investment Bank (SAIB) to become the first entity in the Kingdom to obtain a banking agent’s license. The strategic partnership, endorsed by the Saudi Arabian Central Bank, will enable the telecom provider’s customers to use financial services on their phones. Erik Dudman Nielsen, Group CEO of Virgin ....

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itp.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from itp.net Daily Mail and Mail on Sunday newspapers.

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Virgin Mobile leads the MEA region's digital charge with MVNO launch in Kuwait | Networking

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itp.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from itp.net Daily Mail and Mail on Sunday newspapers.

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