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Virgin Mobile to buy Helio for $39M

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Old Jun 27, 2008, 04:30 PM   #1
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Virgin Mobile to buy Helio for $39M
NEW YORK - Virgin Mobile USA Inc. is buying Helio LLC, a struggling cell phone carrier that was founded to bring the advanced features of South Korean phones to the U.S. market.

Virgin Mobile said Friday it would pay $39 million in stock for Helio, which has 170,000 subscribers, down from nearly 200,000 at the beginning of the year.
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