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Forums - General - Virgin Mobile USA buys Helio for $39 million

Wow first Verizon and attel, now helio and virgin mobile.

 

"...Virgin Mobile USA will pay $39 million in stock to buy operator Helio, the company said Friday.

The deal ends more than a month of speculation that the two troubled mobile virtual-network operators would combine forces.

As part of the purchase, Virgin Group, which owns Virgin Mobile USA, and SK Telecom, the South Korean phone giant that holds a majority stake in Helio, will each invest $25 million in the combined company. In exchange for its investment, SK Telecom will be given a 17 percent stake in Virgin Mobile.

Helio, which was created to bring advanced cell phones and services to the U.S. market, will add its 170,000 post-paid customers to Virgin's 5.1 million prepaid customer base..."

FULL STORY:

http://news.cnet.com/8301-10784_3-9978991-7.html



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Virgin's numbers are US-only, right?



Well they have service in the virgin islands, and in Canada.



No, I meant do those numbers contain data from other countries? Like the UK, for example?



SamuelRSmith said:
No, I meant do those numbers contain data from other countries? Like the UK, for example?

 this is just american numbers

http://en.wikipedia.org/wiki/Virgin_Mobile_USA#cite_note-0





SKEEZER AND NINTENDO FAN GIRL ARE MY NEMESIS

YES TO BEER

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well this is interesting,

btw has Verizon done anything with the Alltel buy out? Like have they started switching over signal towers and changing out stores?



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ssj12 said:
well this is interesting,

btw has Verizon done anything with the Alltel buy out? Like have they started switching over signal towers and changing out stores?

 

i  doubt it, it probaly takes months just to finaliz the deal never mind start changing stores ect





SKEEZER AND NINTENDO FAN GIRL ARE MY NEMESIS

YES TO BEER

ssj12 said:
well this is interesting,

btw has Verizon done anything with the Alltel buy out? Like have they started switching over signal towers and changing out stores?

 

not yet, its not final until september.



BUMP



holy fuck thats a big cheque