Virgin Mobile MEA hopes to win MVNO licence

by / Thursday, January 24th, 2013
Virgin Mobile MEA has confirmed it is hoping to secure an MVNO licence in Saudi Arabia. The company was formerly known as FRiENDi, but rebranded in mid-2012 after Virgin Group took a minority stake in the company. CEO and founder Mikkel Vinter told TMT Finance that Virgin Mobile MEA was currently in a strong position to secure a licence and was working on a bid. As previously reported by CommsUpdate, Saudi Arabia’s Communications and Information Technology Commission (CITC) has set a deadline of 4 May for interested parties to submit applications for a mobile virtual network operator (MVNO) licence. ‘CITC has set out some key criteria including: sector experience, financial capability, technical solution, distribution plan, size of customer base, etc. Essentially it’s a beauty contest structure, and each party will be evaluated on the merits of their bid and assessed against the requirements. At this stage I feel we are in quite a strong position,’ said Vinter. UAE’s du and Oman’s Renna Mobile are also rumoured to be interested in bidding for an MVNO concession.