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Article: Optus pays $100m for rest of Virgin Mobile.

Article from:
Australasian Business Intelligence
Article date:
January 11, 2006
Copyright

Byline: Colin Kruger

Jan 11, 2006 (The Sydney Morning Herald - ABIX via COMTEX) -- Australian telco Singtel Optus has announcedit will pay $A100m to acquire the final stakein Virgin Mobile it does not yet own. The

payments will be made over the period to 2020to the seller of the 74% interest, VirginGroup. Warren Hardy, CEO of the wholesaledivision at Optus, has assured existing Virgin customers they will be unaffected, asVirgin Mobile will continue to be run as adistinct entity and maintain its pricing

strategy. Meanwhile, speculation has emergedthat Singaporean parent of ...

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