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Virgin Mobile USA to Acquire Helio


Posted: 26 Jun 2008
Virgin Mobile USA to Acquire Helio

Now it's confirmed. According to Reuters, Virgin will buy Helio from SK Telecom, most likely this week. The deal is not final - its terms and amount were't announced yet.

Helio is devided between SK Telecom which owns 69% of its shares, and Earthlink holding a 28% stake. Virgin Mobile will buy SK Telecom's share.

What will happen to the Earthlink's half remains unclear.

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