Optus acquires Virgin Mobile

Optus have purchased the 75% percent stake that Virgin had in the partnership between the two company’s offering Virgin Mobile access in Australia for $30million. Optus was granted a 15 year license to use the Virgin brand and will no doubt give greater efficiency and marketing for both companies without having to worry so much about the physical network. Optus gets access to the Virgin brand and Virgin gets access to a full network and features offered. Full details can be read on ZDNet