December 22, 2005
The MVNO first mover keeps exiting
Australia's Optus to buy Branson's stake in Virgin Mobile Australia - report - Forbes.com
Singapore Telecommunications Ltd's Australian unit Optus is finalizing the purchase of Branson Group's 75 pct interest in the Virgin Mobile Australia joint venture, with a deal to be announced as early as this week, The Australian newspaper reported citing sources.
Shockingly low $130/sub multiple too! Only about AU$100mm for 685K subs.
Posted by amol at December 22, 2005 04:35 PM
