Is Apple about to launch its own virtual network?

Apple may have plans to launch its own mobile virtual network operator (MVNO) service in the US and Europe.

Apple is apparently in talks with telecoms companies in Europe, according to Business Insider. Not only that, but it is reported to be privately trialling a MVNO service in the US.

A MVNO is a virtual carrier network. Apple would essentially be leasing network space from carriers. Instead of paying your carrier, you would instead pay Apple for data, calls, and texts.