Virgin Mobile formally seals the deal on Helio acquisition

We know, the little possibility that the whole deal could fall apart has been keeping you wide awake for months, but at long last, you can push aside your anxiety and hit the sack. Virgin Mobile USA announced today that it had "completed its acquisition of Helio," and all of the terms put forth on June 27th were used in the final close. Aside from garnering all the necessary regulatory approvals, Helio shareholders SK Telecom and EarthLink have received 13 million shares of Virgin Mobile USA Class A common stock, with a value of around $38 million. It's also noted that both SK Telecom and Virgin Group will each invest a cool $25 million in Virgin Mobile USA for preferred shares. And then, there was one.

[who? @ Aug 22nd 2008 1:58PM]

Ocean prepaid anyone?

[Lowest Ranked @ Aug 22nd 2008 2:06PM]

If Virgin is with Helio are they still Virgin?

Any more acquisations and our dear little Virgin will become Slut.

[Marq @ Aug 22nd 2008 2:09PM]

Greatest comment of the day! Lol!

Now I just wonder if they have to change their font color from white to like tan or something. Dirty, dirty girl!

[Toadlet @ Aug 22nd 2008 2:27PM]

♪Virgin and Helio sittin' in a tree, t-e-x-t-i-n-g.♫

[Jason @ Aug 22nd 2008 6:52PM]

dude, toadlet, dat waz one Helio funny comment.

[mr k133n @ Aug 22nd 2008 2:16PM]

too bad this [still] doesn't let me out of my helio contract. :-(

[Nightmare @ Aug 22nd 2008 2:16PM]

I kew virgin wasn't a virgin, what a ho... i bet virgin shops at victoria's secret and everyone knows her secret vicky's a whore

[Anthony @ Aug 22nd 2008 2:34PM]

i know, i hope that the ocean gets prepaid too... but it would be lots of money if it was.

i wouldnt care though...


on the official presentation on the vm website, they have some new orange phone, and next to it it said vm would aquire devices soon.

maybe it will be one?

[Yankees368 @ Aug 22nd 2008 2:45PM]

So how come Virgin Mobile, which is run 100% on the Sprint network, is the only real MVNO left standing, yet Sprint itself is tanking. People always bitch that Sprints network is garbage, yet it has the only remaining MVNO.

[iJUleguy @ Aug 22nd 2008 2:45PM]

There's still more MVNOS..... Cricket, Pocket, Tracfone, Net10, Metro PCS, list goes on...

[Yankees368 @ Aug 22nd 2008 2:47PM]

Cricket and Metro PCS are not MVNOs. They run their own network.

However, Tracfone and Net10 are indeed MVNOs.

[iJuleguy @ Aug 22nd 2008 2:56PM]

Well, I stand corrected! ....or sit. Anywho, I had a feeling that would happen...HEB mobile...?
They're dying, oh noes!

[Lowest Ranked @ Aug 22nd 2008 3:57PM]

Not with that budget build you can't.

[oscar5453 @ Aug 22nd 2008 6:37PM]

I dropped Helio for the IPHONE. BIG MISTAKE

With my helio ocean I had perfect service.


Now I have Dropped calls
- Multiple Failed Calls when dialing someone.
- Slow keyboard
- slow contacts
- laggy interface
- Programs crash
-Stupid Predictive texting that YOU CAN'T TURN OFF!!! So stupid!!

Apples solution to my problems: TURN OFF 3G !!

I say HELL NO!!! Thats so stupid why the heck would I turn off my 3G in order for my phone to work properly???

F' U apple!!! I'm returning this crap today!

[toyotaboy @ Aug 25th 2008 1:31PM]

I hope everyone who's a helio customer switches to a provider ASAP. Virgin isn't about to lose money, which is what helio was doing by not charging enough for it's minutes+data. Look forward to your monthly bill getting higher.