Virgin Mobile Latin America

Bogota, Colombia Telecommunications Acquired

Virgin Mobile Latin America (VMLA) is a mobile virtual network operator (MVNO) offering prepaid and postpaid mobile voice and data services across Latin America. Originally established in 2010 as a partnership involving Richard Branson's Virgin Group, the company launched commercial operations beginning in 2012 with services in Chile, followed by Colombia (2013), Mexico, and Peru. VMLA operates an asset-light model, leveraging long-term wholesale agreements with host mobile network operators including Movistar (Telefonica) in Mexico and Tigo (Millicom) in Colombia and Chile. In August 2023, Dubai-based digital services investment company Beyond ONE acquired VMLA, with Virgin Group retaining a minority stake and long-term brand licensing agreement. The company serves more than three million users across the region and is part of Beyond ONE's broader portfolio of Virgin-branded MVNOs alongside Virgin Mobile Middle East and Africa.

Acquired

Virgin Mobile Latin America has been acquired

Acquired by Beyond ONE August 23, 2023 Undisclosed

This company is no longer available on our private secondary market.

Overview

Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Founded

2010

Employees

501–1,000

Total Funding

Undisclosed

Leadership

  • Juan Guillermo Velez

    CEO, Virgin Mobile Colombia

  • Felipe Villa Murra

    CEO, Beyond ONE (parent company)

Competitors

Competitor list is illustrative and may be incomplete, stale, or erroneous.

  • Claro (America Movil)

    Dominant mobile network operator in Colombia, Mexico, Chile, and across Latin America; primary facilities-based competitor to MVNOs in every Virgin Mobile market.

  • Movistar (Telefonica)

    Telefonica's Latin American mobile operator; major MNO competitor in Colombia, Mexico, and Chile and a host network partner for Virgin Mobile in some markets.

  • Tigo (Millicom)

    Millicom-operated MNO in Colombia and across Latin America; serves as host network partner for Virgin Mobile in Colombia and Chile while also competing on retail mobile.

  • WOM Colombia

    Chilean-origin mobile operator that expanded into Colombia with aggressive prepaid plans, directly competing with Virgin Mobile's value-focused MVNO offering.

  • AT&T Mexico

    Third largest mobile carrier in Mexico, competing with Virgin Mobile Mexico's MVNO offering on prepaid and value plans.

  • Entel Chile

    Leading Chilean mobile network operator competing directly with Virgin Mobile Chile across prepaid and postpaid segments.

Access live market data

Sign Up

Data collected with AI, which can make mistakes. Please double-check this information.