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Virgin Mobile USA Finalizes Helio Acquisition

Article Comments  4  

Aug 22, 2008, 12:20 PM   by Eric M. Zeman

Today Virgin Mobile USA announced that it has closed on the acquisition of MVNO Helio, which was first announced in June. The acquisition gives Virgin Mobile the ability to offer its customers post-paid service and an expanded range of data applications. In order to close the deal, Helio shuttered all of its retail stores with the exception of a location in New York City. Virgin Mobile also renegotiated with Helio carrier partner Sprint to reduce its cost per minute. Helio's previous owners, SK Telecom and EarthLink, will receive shares in Virgin Mobile as part of the deal, and SK Telecom will contribute two members to the board of directors at Virgin Mobile.



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Aug 22, 2008, 9:19 PM

How funny...

Premonition by damascus

I once worked in a call center for Virgin.
And despite all the crap, I put work in.
Then I got rif'd and although I was pissed
I got hired as a Helio Salesperson. 😕

It's true.

A poet/emcee for technology,



Aug 22, 2008, 9:27 PM

And in other news...

NO one gives a crap...
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