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Virgin Mobile raises USD 100 mln for LatAm expansion

2014-05-15 10:33:00| Telecompaper Headlines

(Telecompaper) Latin American MVNO Virgin Mobile Latin America has closed a new USD 86 million equity capital funding round supported by an expanded debt facility of USD 41.5 million to include the new Mexican operation. Virgin Mobile will use the proceeds of these financings to launch the Virgin Mobile brand in Mexico in 2014 and Brazil in 2015, and to fund further growth and expansion opportunities as they arise in the region, including the company's existing operations in Chile and Colombia.

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Category:Telecommunications

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