Feeds

British owners flog Virgin Mobile France

Bought by Parisian cable firm Numericable

Intelligent flash storage arrays

Virgin Mobile France has been sold to cable network Numericable.

The French MVNO was 46 per cent owned by Richard Branson's Virgin Group and 46 per cent owned by Carphone Warehouse, with the remaining shareholding being owned by the company management.

The deal is valued at €325m, which given the 1.7 million subscribers is a fairly typical industry value, perhaps a little high given the intense competitive nature of the French market – which has seen free calls from the Iliad mobile network drive call costs down.

This increase in price competition is reflected in Virgin Mobile's revenue dip of 10 per cent in the last year, and in Orange France calling for consolidation in the market, although a plan for Orange to buy Bouygues Telecom recently fell though.

In the meantime, it has been revealed that the new Carphone Warehouse network in Ireland will be a 4G network. This uses the recently combined (but only in Ireland) Three and O2 networks as the host and comes about in part because of the regulatory need for the network to provide services to two MVNOs as a condition of the purchase of O2 Ireland by Three.

The new network is expected to launch in the next 12 months. ®

Remote control for virtualized desktops

More from The Register

next story
Mighty Blighty broadbanders beg: Let us lay cable in BT's, er, ducts
Complain to Ofcom that telco has 'effective monopoly'
Download alert: Nearly ALL top 100 Android, iOS paid apps hacked
Attack of the Clones? Yeah, but much, much scarier – report
Broadband sellers in the UK are UP TO no good, says Which?
Speedy network claims only apply to 10% of customers
Virgin Media struck dumb by NATIONWIDE packet loss balls-up
Turning it off and on again fixes glitch 12 HOURS LATER
Yahoo! blames! MONSTER! email! OUTAGE! on! CUT! CABLE! bungle!
Weekend woe for BT as telco struggles to restore service
Fujitsu CTO: We'll be 3D-printing tech execs in 15 years
Fleshy techie disses network neutrality, helmet-less motorcyclists
Facebook, working on Facebook at Work, works on Facebook. At Work
You don't want your cat or drunk pics at the office
Soz, web devs: Google snatches its Wallet off the table
Killing off web service in 3 months... but app-happy bonkers are fine
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
5 critical considerations for enterprise cloud backup
Key considerations when evaluating cloud backup solutions to ensure adequate protection security and availability of enterprise data.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.