Virgin Mobile

Virgin Mobile Latin America (VMLA) has secured USD 26.5 million in new equity financing.

The investors include existing shareholders Virgin Group and ePlanet Capital, as well as new investors Hermes Growth Partners (HGP), CANEPA and Souter Investments which was founded by famous Scottish entrepreneur, Brian Souter.

In connection to the funding, Juan Villalonga, former chairman and CEO of Telefonica and co-founder of HGP, has joined the VMLA board of directors, effective immediately.

VMLA will use the funds to develop regional businesses and launch services in Chile. In addition to the recent launch of Virgin Mobile Chile, VMLA plans to start operations in seven further markets, including Colombia, Brazil, Argentina and Mexico.

Advertisements

Tagged: , , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: