Virgin Mobile MEA hopes to win MVNO licence
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.