Virgin Mobile Middle East and Africa said to be considering sale

Jamie McKane

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Virgin Mobile Middle East and Africa said to be considering sale

Virgin Mobile Middle East & Africa is exploring options including selling all or part of itself, people with knowledge of the matter said.

The closely held company is working with Evercore Inc. to assess options, which may include an initial public offering, said the people, who asked not to be identified because the deliberations are private.
 

Nobody Important

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I'm quite surprised they lasted this long in SA. Many of their stores seemed to have closed shop, and I can't recall coming across anybody using their network in recent years. In fact to be honest, amongst the (admittedly small) number of people I know, I was the only one who had a VM number about 8 or 9 years ago.
 
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