| Type | Joint venture |
|---|---|
| Founded | March 2, 2008 |
| Headquarters | New Delhi, Delhi, India |
| Key people | Richard Branson, Chairman, Virgin Group, Jamie Heywood, Deputy CEO, Virgin Mobile India |
| Industry | Telecommunications |
| Products | Mobile Telecommunication operator |
| Parent | Virgin Group Tata Teleservices |
| Website | Virgin Mobile India |
Virgin Mobile India Limited is a cellular telephone service provider company which is a joint venture between Tata Teleservices and Richard Branson's Virgin Group. Currently, the company uses Tata's CDMA network to offer its services under the brand name Virgin Mobile, but it has also announced plans to foray into the GSM space as well.[1]
Launch
In May 2007, the Tata Group and the Virgin Group finalized plans to form a corporate vehicle through which the latter's mobile service could be launched in India. Since Mobile Virtual Network Operators are not permitted to operate in India due to the current regulations prevailing there, a 50:50 joint venture model was adopted.[2]
Virgin Mobile was officially launched on March 2, 2008.[3]
References
- ^ "Virgin Mobile eyes GSM space too". The Economic Times. 2008-03-02. http://economictimes.indiatimes.com/News/News_By_Industry/Telecom/Virgin_Mobile_eyes_GSM_space_too/rssarticleshow/2831482.cms. Retrieved 2008-03-30.
- ^ "Virgin Mobile to ring in India". The Economic Times. 2007-05-27. http://economictimes.indiatimes.com/articleshow/2055664.cms. Retrieved 2008-03-30.
- ^ "Virgin Mobile enters India through pact with Tata Tele". The Hindu Business Line. 2008-03-02. http://www.thehindubusinessline.com/2008/03/03/stories/2008030351290100.htm. Retrieved 2008-03-30.
External links
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