Mobile phone group may start service with Virgin

Article Abstract:

Virgin group is in talks with fast growing European Telecom over a link-up which would see ET purchase mobile phones from manufacturers and handle distribution, after-sales and repair services. The launch of the service would be based on the Virgin brand. Virgin may join a consortium to bid for the next era of mobile phone licenses known as Mobile Telephony Services. They will allow high-speed data transmission so that users can surf the net and view video on their phone. Meanwhile, ET has reported an increase in profits for the year to March 1998. Table: European Telecom Figures in GB mn Current Previous/Change Turnover 187 30% Operating Profits 6.4 33%

Comment:

Is in talks w/ Virgin Group over link-up which would see firm purchase mobile phones from mfrs & handle distribution, etc

Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing, Strategic alliances, Mobile Telephones ex Cellular, Wireless telephones, Virgin Retail Group Ltd., European Telecom

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Virgin to run fast trains to Paris

Article Abstract:

Planned new high speed rail services between the UK regions and the French capital Paris could be being operated from January 1999 onwards by the UK rail company Virgin. The Virgin plans include leasing seven Eurostar trains and running 5 services to both Brussels and Paris on a daily basis from a new international hub at Watford in North London. Fares for the North East of England to the continent would be around GB 89. The plan would put Virgin in competition with the rail services from Waterloo to the Continent being operated by British Airways.

Comment:

Plans to operate high speed rail svcs between UK regions & Paris, France, starting 1/99

Line-Haul Railroads, France, Services introduction, Intercity Rail Passenger Svc, Passenger rail services, Virgin Rail

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UK: VIRGIN ONE RECORDS PROFIT

Article Abstract:

Virgin Group announced 15 October 2000 that its Virgin One current account venture in conjunction with Royal Bank of Scotland has recorded a profit. Virgin One, which now has 45,000 customers, was launched three years ago.

Banking industry, Finance, Brief Article

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