Tuesday, 15 December 2009

Tele2 France sale to Virgin completes – France

Tele2, headquartered in Sweden, has completed the sale of its French division to Virgin Mobile France, via Omer Telecom, for SEK 575 million in cash (just over USD 80 million). Omer Telecom has set 2010 as the year for it to turn a profit from its French operation and to reach 2 million subscribers. The deal takes Omer to roughly 1.6 million subscribers.