Virgin Mobile SA CEO to be named August 15

Virgin Mobile South Africa is set to confirm the appointment of a new CEO on August 15, Friendi Group CEO Mikkel Vinter has confirmed to Comm.

In June, Virgin Mobile South Africa and Friendi Group announced an agreement whereby the two groups would merge their regional telecom operations to create a combined entity to be called Virgin Mobile Middle East & Africa (VMMEA), which would be led by Vinter. At the time of the announcement it was also confirmed that Virgin Mobile South Africa CEO, Steve Bailey would be stepping down and that a “highly experienced candidate” had been identified to take over the running of the company.

Virgin Mobile South Africa has a staff compliment of around 250, with a subscriber base estimated at approximately 400,000. The MVNO currently operates at a loss.