mBank shuts down its mobile phone unit

Lender mBank will shut down its mobile virtual network operator mBank mobile at the end of November, the bank said in a statement on Wednesday. Its customers will receive offers from telecom firm Orange. The bank said that the MVNO project lost its appeal as the idea of mobile banking evolved in the past few years. Created in 2006, mBank mobile was the first MVNO in Poland. By now it has 13,000 pre-paid customers.