Virgin Mobile to buy Helio for $39M

**MIG-31** · Jun 27, 2008, 03:30 PM

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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Source: Yahoo

Jun 27, 2008, 03:30 PM	#1
MIG-31 HardwareHeaven News Mod Join Date: Dec 2002 Location: Nottingham,UK Posts: 56,834 Rep Power: 471 System Specs	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. ____________ Source: Yahoo __________________ Please Post Your News Submissions Here