Stock market flotation for Virgin Mobile

19 Jan 2004

Sir Richard Branson has revealed plans to hold a stock market flotation for MVNO Virgin Mobile, which will value it at around GBP1 billion (EUR1.46 billion). Branson is currently involved in a legal dispute with T-Mobile UK, which is due to be settled in the next few weeks when T-Mobile is expected to give up its stake in Virgin Mobile in return for a share of the money raised from the flotation.

United Kingdom, Virgin Mobile UK