EE set to renew contract to provide network to Virgin Mobile: report
ReutersReuters--Britain's biggest mobile operator, Everything Everywhere (EE), has agreed to renew a contract to provide a telecoms network for Virgin Mobile in a deal that could be worth between 300 and 400 million pounds (US$470 million and US$630 million) in revenue over the course of up to four years, the Financial Times reported on Tuesday.
September 12, 2013, 12:12 am TWN
The deal could be announced this week, the Financial Times said on its website, citing a person familiar with the process. The FT added that the exact terms and value of the deal would be determined as the agreement progressed.
EE is a joint venture owned by France Telecom and Deutsche Telekom and operates the Orange and T-Mobile brands in Britain.
EE declined to comment and Virgin Mobile could not be reached for comment late on Tuesday.