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Virgin-Helio targets broader base of users; And may be able to get back to "hip' roots.
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RCR Wireless News
- Article date:
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June 30, 2008
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Copyright informationCOPYRIGHT 2008 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: ALLIE WINTER
Virgin Mobile USA's purchase of fellow MVNO Helio L.L.C. allows Virgin to evolve beyond its low-ARPU customers to higher-paying subscribers, as well as gain a sophisticated handset portfolio, improve its debt levels and cut a better deal with network operator Sprint Nextel Inc.
Virgin Mobile announced Friday it plans to pay $39 million in equity for Helio in a deal it is hoping to close in the third quarter.
Acquiring Helio will give Virgin Mobile new and unique benefits, including the ability to evolve into the
postpaid market, offer advanced data services and new user applications across its customer base, said Dan Schulman, Virgin ...
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Virgin Mobile to buy Helio for $39M
Deseret News (Salt Lake City);
June 30, 2008 ;
532 words
...NEW YORK -- Virgin Mobile USA Inc. is buying Helio LLC, a struggling...South Korean phones to the U.S. market. Virgin Mobile said Friday it would pay $39 million...billionaire Richard Branson's Virgin Group and SK Telecom, the South Korean carrier that is the...Helio, will each ...
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Virgin Mobile USA Closes Acquisition of Helio.
PR Newswire;
August 22, 2008 ;
700+ words
......venture between SK Telecom and EarthLink, Inc. that complements Virgin Mobile USA's strengths...from Sprint for Virgin Mobile USA, and strategic investments by SK Telecom and Virgin Group...an investor in Virgin Mobile USA. For more ...
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Virgin Mobile USA Appoints Two New Board Members From SK Telecom.
PR Newswire;
September 16, 2008 ;
700+ words
......directors following Virgin Mobile USA's recent acquisition...Helio LLC and SK Telecom's related investment in Virgin Mobile USA. (Logo: http...Dan Schulman, Virgin Mobile USA CEO. SK Telecom is the leading...Jayne Wallace of Virgin Mobile ...
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Virgin Mobile USA Begins to Integrate Handsets & Voice Plans With Helio...
PR Newswire;
September 9, 2008 ;
700+ words
......Virgin Mobile USA Virgin Mobile USA, Inc. , through...operating company Virgin Mobile USA, L.P., offers...choice through Virgin Mobile's Plans Without...through Helio By Virgin Mobile, with national...Sprint PCS network. Virgin Mobile USA is ...
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SK Telecom begins talks with Virgin Mobile USA.(KOREA)
Asia Pacific Telecom;
June 1, 2008 ;
120 words
...Virgin Mobile USA, which...South Korea's SK Telecom, which controls...possibility of SK Telecom acquiring Virgin Mobile USA and combining...with Helio. Virgin Mobile USA currently...proposed deal, SK Telecom would acquire Virgin ...
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Virgin Mobile USA Confirms Preliminary Discussions With SK Telecom.
PR Newswire;
May 14, 2008 ;
306 words
......PRNewswire-FirstCall/ -- Virgin Mobile USA, Inc. confirmed today...preliminary discussions with SK Telecom to explore possible strategic opportunities. Virgin Mobile USA said these discussions...transaction will result. Virgin Mobile USA will have no ...
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Virgin Mobile USA completes acquisition of Helio.
Telecomworldwire;
August 25, 2008 ;
197 words
...TELECOMWORLDWIRE-25 August 2008-Virgin Mobile USA completes acquisition...COMMUNICATIONS LTD http://www.m2.com Virgin Mobile USA, Inc (NYSE:VM), a US...a joint venture between SK Telecom and EarthLink Inc (Nasdaq...acquisition, Helio shareholders, SK Telecom and EarthLink, ...
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Virgin Mobile USA to Acquire Helio for Approximately $39 Million in...
PR Newswire;
June 27, 2008 ;
700+ words
......by Virgin Group and SK Telecom at $8.50 per share...transition costs Note: Virgin Mobile USA will host a conference...PRNewswire-FirstCall/ -- Virgin Mobile USA, Inc. , a leading...joint venture between SK Telecom and EarthLink, Inc...acquire Helio from SK ...
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Virgin Mobile USA plans to buy SK Telecom-controlled Helio.(TOP NEWS)
2.5G-4G;
July 1, 2008 ;
139 words
......Financial Times, Virgin Mobile USA said that it...based operator SK Telecom. Both parties want...this agreement, Virgin Mobile USA, which was...which will enable SK Telecom to win a 20 percent...around $50 million. SK Telecom has also expressed...some ...
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Virgin Mobile USA plans to buy SK Telecom-controlled Helio.(MERGERS AND...
2.5G-4G;
August 1, 2008 ;
139 words
......Financial Times, Virgin Mobile USA said that it...based operator SK Telecom. Both parties want...this agreement, Virgin Mobile USA, which was...which will enable SK Telecom to win a 20 percent...around $50 million. SK Telecom has also expressed...some ...
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Virgin Mobile USA plans to buy SK Telecom-controlled Helio.(KOREA)
Asia Pacific Telecom;
July 1, 2008 ;
139 words
......Financial Times, Virgin Mobile USA said that it...based operator SK Telecom. Both parties want...this agreement, Virgin Mobile USA, which was...which will enable SK Telecom to win a 20 percent...around $50 million. SK Telecom has also expressed...some ...
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InfoSpace strikes multi-year deal with Virgin Mobile to extend mobile...
M2 Presswire;
January 23, 2007 ;
696 words
......strikes multi-year deal with Virgin Mobile to extend mobile portal agreement...Agreement with InfoSpace enables Virgin Mobile to further enhance its mobile...InfoSpace, Inc. (Nasdaq: INSP) and Virgin Mobile today announced that InfoSpace...
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