Sanabil Investments makes a significant investment in Virgin Mobile Middle East & Africa’s Saudi Arabia operation

Virgin Mobile Middle East & Africa, the leading regional Mobile Virtual Network Operator (MVNO), and the Saudi Arabian Investment Company (“Sanabil Investments”), today announced the signing of a landmark deal in which Sanabil Investments is making a significant investment in Virgin Mobile Saudi Arabia (Virgin Mobile Saudi Consortium LLC). The investment was made in return for a substantial minority stake in Virgin Mobile Saudi Arabia.

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Virgin Mobile MEA launches in Malaysia.

Virgin Mobile Middle East & Africa (VMMEA), the leading MVNO group in the region, has further expanded its growing footprint by launching a new operation in Malaysia under its “FRiENDi mobile” brand.

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