FNB plans to launch mobile operator: sources

Industry speculation suggests that FNB is in discussions with Cell C to become a mobile virtual network operator (MVNO), with the aim of offering a range of mobile products to its banking customers.

Two independent sources have informed MyBroadband that FNB and Cell C are in discussions about an MVNO agreement, and that a positive outcome is likely.

If FNB becomes an MVNO, as the rumours suggest, it will join Virgin Mobile in offering cellular services using its own SIM cards and Cell C’s network.

FNB is already offering its banking clients discounted mobile devices, including tablets and smartphones, and by becoming an MVNO it can ship these devices with its own FNB SIMs.

An MVNO agreement can also help the bank to benefit further from its position as one of the biggest airtime distributors and bulk SMS users in South Africa.

FNB and Cell C comment on MVNO rumours

Virginia Magapatona, head of corporate communications at FNB, sidestepped questions about the bank’s MVNO ambitions and the rumoured discussions with Cell C.

Magapatona did, however, hint that FNB is planning more mobile products. “We continue to hold discussions with various operators on various matters and will only be in a position to formally announce any new features once launched,” she said.

Cell C’s executive head of communications, Karin Fourie said that the operator is currently in talks with various potential MVNOs.

However, because these talks are confidential, Fourie said that Cell C cannot provide any specifics about potential MVNO deals.

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