Virgin Mobile And Helio Said To Be In Merger Talks

Posted: May 10 2008, 11:00pm CDT | by , Updated: Aug 11 2010, 8:00am CDT, in News | Mobile Phones


Virgin Mobile and Helio said to be in Merger Talks
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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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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
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