Valleywag

rumormonger
Helio, Virgin Mobile in merger talks

By Owen Thomas, 5:20 PM on Thu May 8 2008, 486 views (Edit, to draft, Top, Slurp)

Copy this whole post to another site

cancel

SK Telecom, the backer of money-losing wireless startup Helio, could buy out Virgin Mobile USA and combine it with Helio. [MocoNews.net]

More about SK Telecom

Helio

Virgin Mobile bails out Helio
Virgin Mobile will acquire failed mobile virtual network operator Helio for $39 million in equity and, if the last two years are a trend, much more in costs.

rumormonger

Helio-Virgin deal might involve multibillion-dollar Sprint investment
Helio backer SK Telecom, the Korean wireless giant, is in negotiations to purchase Virgin Mobile USA. The plan: combine the two properties and then invest enough in Sprint Nextel to get all three companies working together. More »

Read More: rumormonger, SK Telecom, Helio, Virgin Mobile, Wireless, Valleywag

Loading comments ...