Sales & Marketing
Training & Development
PCs & Servers
Imaging & Printing
Virgin still trying for China mobile deal: Branson
Dec 6, 2005 9:45 AM
A year after announcing he aimed to set up a mobile reselling service in China, Richard Branson said his Virgin Group was still trying to get a slice of the world's biggest cellular market.
SHANGHAI (Reuters) - A year after announcing he aimed to set up a mobile reselling service in China, Richard Branson said on Monday his Virgin Group was still trying to get a slice of the world's biggest cellular market.
Branson said last December his company was in talks with a Chinese telecom operator with an eye to investing up to US$300 million to launch a joint venture in the market.
He declined to name potential partners, though one publication said the field may include China Telecom Corp Ltd, the nation's largest fixed-line carrier, and China Unicom Ltd, its number-two mobile carrier.
Virgin's mobile arm, Virgin Mobile Holdings (UK) Plc, has similar deals in other markets such as the United States and Australia, forming alliances with existing carriers and then reselling service under the Virgin Mobile name.
Since his original disclosure, Branson and Virgin have kept a silence on the subject of a China venture.
Branson said his company is still interested in China, though any venture would not be able to take the form of a traditional mobile virtual network operator, or MVNO, which are prohibited under Chinese law.
"If we did something it would have to be a different kind of deal. We want to make sure that if we do something we do it right," he said at an event in Shanghai. "These things take time. I'm hopeful we will be able to do something here over the next year or two."
China is the world's largest mobile market, with 383 million subscribers divided between Unicom and industry leader China Mobile (Hong Kong) Ltd.
But one or both of the nation's two fixed-line carriers, China Telecom and China Netcom Group Corp (Hong Kong) Ltd, is also expected to enter the business when Beijing awards third-generation (3G) mobile licences, a development industry watchers expect in the first half of next year.
Separately, Branson said his group wants to open a first China outlet of its music retailing Virgin Megastore, despite the broader problem of rampant piracy.
"We're looking at sites in Shanghai," he said. "Despite the piracy, we think there's a lot of people who would welcome a Virgin Megastore here."
Virgin Megastores already operate in Britain, France, Japan and the United States.
Branson also said Virgin Atlantic Airways, which next month will start offering daily non-stop flights between London and Shanghai, would like to offer a Beijing/London service as well, though this would not begin until next November at the earliest.
Follow us on
© 2014 Thomson Reuters. Click for Restrictions.
Kaspersky allegedly threatened to 'rub out' rival, email claims
China's e-commerce giants target Australia
Australian company devastated by Chinese hacking, IP theft
Russia and China form cyber-security alliance
Exetel signs exclusive deal to resell Optus NBN
VMware, Microsoft give peace a chance for Windows 10 lovefest
VMware chief tries to quash speculation of EMC buyout
Google redesigns iconic logo for the fifth time
Head-to-head: Galaxy S6 Edge+ vs iPhone 6 Plus
Send us your tips
You must be a registered member of CRN to post a comment.
Click here to login
Click here to register
Ads by Google
Five top takeaways from this year's Microsoft APC
Couldn't get to the Gold Coast? Here's what you missed.
Ignia, Distribution Central named among top Aussie employers
Several IT resellers commended.
Which tech companies are the best to work for in Australia?
All the IT firms from Best Places to Work list.
Sign up to receive CRN email bulletins
Four iiNet directors resign, TPG boss steps in
IBM Australia's long wait for a channel manager is over
We're not Uber! UberGlobal swamped by ridesharing requests
Victorian IT firm whacked $72,000 for piracy
Amcom's IT revenue crashed before Vocus buyout
Powered by Disqus
Which device are you more excited about?
Surface Pro 4
iPhone 6s / iPhone 7
view previous polls »
Powered by Disqus
CRN Magazine looks in-depth at the emerging issues and developments for the channel, and provides insight, analysis and strategic information to help resellers better run their businesses.
What's in this issue?
Most popular tech stories
7 accounting packages for Australian small businesses compared: including MYOB, QuickBooks Online, Reckon, Xero
Do you use Dropbox? Here are some clever tricks
How to get the best parking rates at Sydney Airport
Tip: Your shop can use a smartphone instead of an EFTPOS terminal
How much does it cost to use the NBN? 14 providers compared including iiNet, Telstra, Internode
When being rude to IT can get you fired
DBC opts against appeal in iiNet piracy ruling
IT staff outline deep anger in Macquarie Uni survey
ANZ Bank signs $450m IBM deal
Myer pours $100m into omni-channel overhaul
How to: How much RAM do you really need?
Top 25 fantasy games of all time
11 WhatsApp tricks you may not know about
Top 15 obscure video game consoles for collectors
Windows 10 hits 75 million users
Interview: Pete Hines on Fallout 4
Fallout 4 + Fallout Shelter E3 screenshots
Preview: Star Wars Battlefront Fighter Squadron mode
Fallout 4 gets MA15+ rating - and no cuts!
Preview: Quantum Break
PC & Tech Authority
nextmedia Pty Ltd
. All rights reserved. This material may not be published, broadcast, rewritten or redistributed in any form without prior authorisation.
Your use of this website constitutes acceptance of nextmedia's
Terms & Conditions
Login to CRN
Email or Username:
* Email or Username required
* Password required
Forgot your password?
Don't have an account? Register now!
To request a
, enter the email address linked to your CRN account and we'll send one to you.
* Email required
* Invalid Email address
* Invalid Email address
Click here to return to Login Form
comments powered by Disqus.