EE and Virgin Mobile to renew network contract?

EE, the UK’s largest mobile operator, has reportedly agreed to renew its contract with Virgin Mobile to provide a telecoms network for the company, in a deal that could be worth up to £400 million in revenue.

According to the Financial Times, the deal – which could have a four-year term – is set to be announced this week, but a lack of certainty surrounding the exact terms and pricing remains, which will be finalised as talks progress.

Both companies refused to comment on the speculation.