MVNO ceases trading

One of the recent supposed success stories have been MVNO companies such as Lebara and similar.

However, all is not well within the mobile phone world.

Word reaches us that Global Cell, which offered East European users based in the UK a great deal has ceased trading.

Interestingly, Lebara shareholders, owned GlobalCell.

Is there a potential warning here of things not being so rosy within the MVNO model?

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