Virgin Mobile USA said on Friday it will buy SK Telecom's money-losing Helio cellular service for $39 million in stock. South Korea's SK Telecom will also invest an additional $25 million in Virgin Mobile, as will the Virgin Group, which jointly owns Virgin Mobile with Sprint Nextel. SK Telecom is South Korea's top mobile operator with

Sprint Nextel has publicized its intent to purchase Virgin Mobile USA for $483 million. However, Sprint plans to keep Boost Mobile and Virgin brands as separate entities although Virgin Mobile USA CEO Dan Schulan will head Sprint’s entire prepaid business. Of course, the approval of Virgin Mobile USA’s shareholder is still significant. The Virgin Group and

Mobile virtual network operators Virgin Mobile USA Inc. and Helio L.L.C. have few things in common other than a subscriber base that operates on Sprint Nextel Corp.'s network. And yet the struggling companies are said to be in merger talks nonetheless, according to media reports. ... - Matt Kapko

Sprint Nextel (NYSE: S - News), the third-largest US carrier, announced that it will discontinue the postpaid wireless service (marketed under the “Helio brand) of its wholly-owned subsidiary Virgin Mobile USA effective May 25, 2010. However, the prepaid service, which is being offered under the “Virgin brand, will not be affected by the decision.

Today Sprint Nextel announced that it has agreed to acquire Virgin Mobile USA. Virgin Mobile is an MVNO that uses Sprint's network to provide cellular services. Virgin acquired Helio, another MVNO that used Sprint's network, in 2008. Sprint will ...

Virgin Mobile USA is officially shuttering its postpaid service, Helio. The move isn't particularly surprising, considering Sprint Nextel is Virgin Mobile's parent company. Helio was acquired by Virgin Mobile in June of 2008 for $39 million in stock. A year

The following is a countdown of the top 10 U.S. wireless carriers in the second quarter of 2009 by subscriber base, according to research firm Strategy Analytics, and includes major metrics--such as churn, ARPU and revenue--of each carrier. This list does not include resellers or MVNOs, such as Virgin Mobile USA or TracFone Wireless. Further, this list does not include Sprint Nextel's affilia...

According to MarketWatch, Sprint Nextel, the number three US wireless carrier, has agreed to buyout yet another of its affiliates, iPCS. Having just recently finalized a deal to acquire Virgin Mobile USA, Sprint is looking to further shore up its customer base with the addition of iPCS 700,000 subscribers. Not to mention, the acquisition will

Three iPCS subsidiaries filed a lawsuit against Sprint Nextel and are seeking to block the close of Sprint's $483 million acquisition of Virgin Mobile USA. The complaint was filed Sept. 10 in the Circuit Court of Cook County, Ill., by iPCS Wireless, Horizon Personal Communications and Bright Personal Communications Services. Among other things, the complaint alleges that Sprint, through ...

with Sprint CEO Dan Hesse Sprint Nextel has been at the center of a number of major events in the wireless industry of late, including the introduction of the Palm Pre and webOS, the inking of a major outsourcing deal with Ericsson and, most recently, its acquisition of Virgin Mobile USA. That's not to mention the carrier's second quarter results, which show continuing postpaid subscribe...