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Virgin Mobile

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Virgin Mobile bails out Helio Virgin Mobile will acquire failed mobile virtual network operator Helio for $39 million in equity and, if the last two years are a trend, much more in costs. Founded as a joint venture between Earthlink and SK Telecom, Helio burned through $560 million in its first two years. [PaidContent]

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Helio, Virgin Mobile in merger talks SK Telecom, the backer of money-losing wireless startup Helio, could buy out Virgin Mobile USA and combine it with Helio. [MocoNews.net]

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wireless

Virgin Mobile IPO fails to pop

Some IPOs — like Google and VMWare—are impressive from the start. Others — like Vonage, which has fallen 85 percent since going public — fall flat. Virgin Mobile, with its cherry brand name and backers, should have had a sparkling debut. And yet it didn't. More »

1:19 PM on Thu Oct 11 2007
By Jordan Golson
702 views, 6 comments