Virgin Group enters the Russian market

Virgin Group enters the Russian market

Virgin Group has now announced their entry into the Russian market.

Virgin Group’s founder Richard Branson spoke about this new venture: “I am delighted to announce Virgin’s first business in Russia… Virgin Connect will demystify the complex tariff jungle and bureaucracy seen in the market over the last years.”

With Virgin Connect they aim to take a 10 percent market share in the coming five years.

Branson added that they are now studying the Russia’s telecom, Internet and mobile phone market for further growth.

They are working along with Trivon AG for their services in this country and have acquired to provide services in 32 regions. This includes the 20 biggest cities in Russia.