We all know that MVNOs are a thing, but quantifying the scale of this market is usually done at a subconscious level. However, a very basic set of assumptions creates a market where, with their hands fully tied by regulators, MNOs will allow their MVNOs rivals (and customers) to grow to over a quarter of all mobile subscriptions. This is a high-level glance at the market – one that RAN Research will study at length in the near future. The point of this exercise is to illustrate that the MVNO opportunity must be examined. There are marked differences between countries, and as we have explored previously, many of the MVNOs are actually owned outright by the MNOs themselves. As such,…