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Bell Mobility completes acquisition of Virgin Mobile Canada; Robert Blumenthal named new President of Virgin Mobile Canada; Virgin Mobile products to be available in The Source stores across Canada.

Publication: M2 Presswire
Publication Date: 03-JUL-09 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-3 July 2009-Bell Canada Enterprises: Bell Mobility completes acquisition of Virgin Mobile Canada; Robert Blumenthal named new President of Virgin Mobile Canada; Virgin Mobile products to be available in The Source stores across Canada(C)1994-2009 M2 COMMUNICATIONS

RDATE:02072009

MONTREAL -- Bell today announced that Bell Mobility has completed its $142-million acquisition of the 50% stake in Virgin Mobile Canada not already owned by Bell, along with a long-term brand licensing agreement with the Virgin Group, after fulfilling all regulatory, legal and other closing requirements.

The company also announced that Robert Blumenthal will assume the role of President of Virgin Mobile Canada, and confirmed that Virgin Mobile products and services will be available at The Source retail locations in January 2010.

Virgin Mobile will also have access to Bell's newest national 3G (third generation) wireless network, set to launch by early 2010.

'The...

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