Optus to hang up on Virgin Mobile

Original article by Supratim Adhikari
The Australian – Page: 19 : 17-Apr-18

It is understood that Optus is planning to close down its Virgin Mobile unit, with all of its users to be transferred to Optus. Optus holds the Virgin Mobile licence until 2021, and closing it down will mean it will not have to pay any more licensing fees. Virgin Mobile was formed as a joint venture between Optus and Sir Richard Branson’s Virgin Mobile in 2000, with Optus assuming control of Virgin Mobile’s stake in 2006. Virgin Mobile’s market share declined from 5.4 per cent to 4.4 per cent in the year to June 2017.

CORPORATES
SINGTEL OPTUS PTY LTD, VIRGIN MOBILE (AUSTRALIA) PTY LTD, TELSTRA CORPORATION LIMITED – ASX TLS, VODAFONE AUSTRALIA LIMITED, AMAYSIM AUSTRALIA LIMITED – ASX AYS, VIRGIN MOBILE HOLDINGS (UK) PLC

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