Virgin Mobile to Float

According to the BBC Virgin Mobile is to float next month “subject to market conditions”.

Hmmm. No wonder Sir Richard was so scathing about the MVNO (Mobile Virtual Network Operators) about to launch in the UK we reported yesterday here.

With incumbents showing a c. 20% drop in ARPU in places where MVNO’s have launched, now would be a jolly good time to sell, methinks. Sir Richard didn’t get where he is today for selling things off at the bottom of the market, after all.

—–>Follow us on Twitter too: @russellbuckley and @caaarlo