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.
[Continue reading Virgin Mobile USA to Acquire Helio]