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26 Jun 2008

Virgin Mobile USA to Acquire Helio

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.

[Continue reading Virgin Mobile USA to Acquire Helio]


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