Dubai: Beyond ONE has acquired Virgin Mobile Middle East and Africa (VMMEA), the mobile virtual network operator (MVNO) with operations in the UAE, Saudi Arabia, Oman and Kuwait. The latter operates under the Virgin Mobile and Friendi Mobile brands.

Beyond ONE is a recently formed subsidiary of Priora Management Holding Dubai. The deal is the first for Beyond ONE, a company focussed on technology, media and telecommunications investments. Priora Management Holding Dubai is owned by Swiss businessman Remo Stoffel, and Beyond ONE Group CEO Markus Tagger.

“We are looking at the acquisition of companies with a strong position and significant growth potential in their respective markets – VMMEA’s operations comfortably meet these requirements,” said Tagger. “Both Virgin Mobile and Friendi Mobile benefit from strong brand equity and significant trust from their customers, partners and employees, and we will do what is in our power to maintain this.

“With a focus on expansion, Beyond ONE will, over time, introduce new services, experiences and technology that will simplify and benefit our customers’ lives.”