Filed under: News | Mobile Phones
Virgin Mobile and Helio said to be in Merger Talks
May 10 2008, 11:00pm CDT | by Luigi Lugmayr
The WSJ reports that Virgin Mobile and Helio are rumored to be in advanced merger talks.
A deal of Virgin Mobile and Helio could be announced in the coming weeks.
Virgin Mobile has about 5 million subscribers with mostly low-cost and pre-paid plans. Helio only has a couple hundred thousand subscribers, but makes on average a very high $85 revenue from each subscriber.
Helio said last September to expect a net loss of loss of $340 million to $360 million.
More details on the WSJ.
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Luigi Lugmayr
Luigi is the founding chief Editor of I4U News and brings over 15 years
experience in the technology field to the ever evolving and exciting
world of gadgets. He started I4U News back in 2000 and evolved it into
vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.
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