Virgin Mobile Latin America (VMLA) is on track to launch operations in Chile in the first quarter of 2012, having received regulatory approval from Chiles telecommunications regulator as well as signing an agreement with Movistar, one of the countrys leading mobile network operators.
VMLA announced in June of this year its plan to become Latin Americas leading mobile virtual network operator (MVNO). Since then, the company has made significant progress towards its goal of beginning commercial operations in many countries. Chile will be its first commercial operation in early 2012.
Richard Branson commented: "We are excited to have made such good progress towards launching our first mobile business in Latin America in Chile.
"This is an exciting project for Virgin and we believe Virgin Mobile Chile customers will be delighted by the services we will be offering them at launch."
We are very appreciative of Subtels (Chiles Subsecretara de Telecomunicaciones) prompt approval of our application," said VMLAs chairman Phil Wallace.
"Were also looking forward to working with Movistar, one of Chiles top mobile network operators. They were quick to understand the potential of partnering with VMLA as a way to serve existing and untapped consumers in creative ways just as Virgin Mobile has done in the UK, the US, and other countries worldwide."
VMLA will target youth and young at heart consumers, positioning itself as a fresh alternative to existing wireless providers through simple, transparent pricing, products and services tailored to its target segments, and world-class customer service. As the Chile operation prepares for commercial launch, VMLA continues to make progress planning its expansion throughout Latin America over the next 24 months.
We are encouraged by the reaction we are experiencing from operators, regulators, and retailers who are eager to see Virgin products in their markets as a way to stimulate innovation and bring new pricing options to consumers, said Peter Macnee, VMLAs president and chief executive officer.
Virgin Mobile Latin America is a mobile virtual network operator that plans to bring new and exciting service options to Latin Americas wireless users. Virgin Mobile already operates in seven countries around the world, including Australia, Canada, France, India, South Africa, UK and the USA, serving approximately 15 million mobile subscribers.