Virgin eyes China as next new market

7 Dec 2004

According to reports in the Wall Street Journal, Richard Branson’s Virgin Group has set aside USD300 million to invest in a 50/50 joint venture with an unnamed Chinese telco, which will provide wireless services in the People’s Republic. Branson has confirmed that his company is in talks with a possible partner, but added that it would take at least 18 months before any launch could take place. The group is also reported to be talking to a number of Indian cellcos, with a view to a similar launch on the subcontinent.

China, Virgin Mobile UK