Virgin Mobile Latin America Inc. (”VMLA"), Latin America’s leading Mobile Virtual Network Operator ("MVNO"), announced today the successful closing of a new US$86.0 million equity capital funding round supported by an expanded debt facility of US$41.5 million to include the new Mexican operation. The proceeds of these financings will be used to launch the Virgin Mobile brand in Mexico in 2014 and Brazil in 2015, and to fund further growth and expansion opportunities as they arise in the region, including the Company’s existing operations in Chile and Colombia.