Mobile virtual network operator (MVNO) Virgin Mobile France has reported an 18.8% year-on-year increase in revenue to GBP390.2 million (USD605.7 million) in FY2011/12, bolstered by strong post-paid user growth and a cut in termination revenues – stemming from its first year as a full-blown MVNO. An unconfirmed report from Telecompaper says Virgin Mobile France ended its financial year with 1.92 million customers at end-March, unchanged on the same time in 2011, although it says it rebounded from the initial impact of Free Mobile’s launch in January this year. The MVNO says that around 70% of its customers were on post-paid contracts at the end of its financial year, helping to generate significant revenue growth in the operator’s fiscal fourth quarter
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OVETEL Virgin Mobile France books GBP390.2m revenue in 2011
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