Omea Telecom, the parent company of French MVNO Virgin Mobile, has signed a five-year renewable ‘full MVNO’ contract with mobile network operator and broadband provider SFR, Les Echos reports citing its CEO Geoffroy Roux de Bezieux as saying. Under the deal, which is thought to be worth over EUR1 billion (USD1.46 billion) over five years to its new partner, Virgin will be able to install its own equipment on SFR’s masts and gain more control over its own customers, the CEO said. Omea has also signed an equipment contract with Ericsson, he added. As a result of the new deal, Omea will become the first full MVNO in France. It currently has close to two million customers – roughly two-thirds with Virgin Mobile and the remainder split between Tele2, Breizh Mobile and Casino. Omea hopes to begin operations via its expanded role at the start of next year.