Printer Friendly

Friendi eyes Malaysia MVNO launch later this year.

Dubai-based mobile virtual network operator (MVNO), Friendi Group, aims to launch an operation in Malaysia by the end of the year after signing an agreement to form a joint venture with a local partner in the country.

Friendi Group signed an agreement with Malaysian sovereign wealth fund, Kumpulan Perangsang Selangor Berhad, as its local MVNO partner in the country.

Friendi, which already runs MVNOs and brand licencing agreements in Oman, Jordan and KSA, will have a majority stake in the Malaysian venture, according to Mikkel Vinter, CEO, Friendi Group.

"The company has been formed, we have secured a licence and we are morning forward. We have a majority stake. With a little bit of luck will launch later this year," Vinter told CommsMEA.

The new venture will be run from a new Friendi Group office in Kuala Lumpar. The operation will be headed by Jonathan Marchbank, a former COO of Virgin Mobile in the USA, an MVNO with more than 5 million customers, according to a statement from Kumpulan Perangsang Selangor Berhad.

The news follows closely from a deal between Friendi Group and Virgin Mobile South Africa that will see the two companies merge their regional telecom operations to create a combined entity called Virgin Mobile Middle East & Africa (VMMEA), which will develop and operate mobile telecommunications businesses across the region.

2012 ITP Business Publishing Ltd. All Rights Reserved.

Provided by an company
COPYRIGHT 2012 Al Bawaba (Middle East) Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2012 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Date:Jun 26, 2012
Previous Article:Kaspersky Lab launches online music service.
Next Article:Asus breaks ground with two new Ultrabooks.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters