Optus to close Virgin Mobile Australia

By Thierry Boudan

Leading Australian telecommunications company Optus has announced that it will begin to phase out its subsidiary Virgin Mobile Australia over the course of the next two years.

The closure comes 18 years after the initial launch of Virgin Mobile Australia as a joint venture between Virgin Mobile UK and Optus in 2000, where Optus then purchased Virgin’s stake for $30mn in 2006.

See also:

The shutdown of the division will see 36 stores closed and more than 200 positions cut as the company attempts to move all of its Virgin Mobile customers directly onto Optus, keeping them under the company’s umbrella.

“For Virgin Mobile employees, our policy is always to talk to those who may be impacted by these changes first,” an Optus spokesperson said on Wednesday.

“Any potential options for redeployment within the wider Optus business will be discussed with affected individuals at that time.”

The news comes as Optus has received a $1.5mn fine after a series of issues with the national broadband network (NBN), where Optus provided incorrect information about the service options to its customers.


Featured Articles

Nirvik Singh, COO Grey Group on adding colour to campaigns

Nirvik Singh, Global COO and President International of Grey Group, cultivating culture and utilising AI to enhance rather than replace human creativity

How Longi became the world’s leading solar tech manufacturer

On a mission to accelerate the adoption of sustainable energy solutions, US$30 billion Chinese tech firm Longi is not just selling solar – but using it

How Samsung’s US$5billion sustainability plan is working out

Armed with an ambitious billion-dollar strategy, Samsung is on track to achieve net zero carbon emissions company-wide by 2050 – but challenges persist

UOB: making strides in sustainability across Southeast Asia


Huawei smartwatch goes for gold with Ultimate Edition


How IKEA India plans to double business, triple headcount

Corporate Finance