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Articles tagged with: Mvno and Sprint Nextel
Virgin Mobile USA Q2 Profits Up on Lower Revenues
Virgin Mobile USA, the mvno that is shortly to be acquired by Sprint Nextel has reported second-quarter revenues down slightly at US$290 million compared to $293.8 million a year ago. Net income up up sharply though at $21.8 million compared to net income of $5.5 million in the second quarter of 2008. more
Related Tags: virgin-mobile-usa, USA
Sprint Nextel Buys Virgin Mobile USA
Sprint Nextel is buying the US mvno, Virgin Mobile a total equity value of approximately US$483 million, which includes the value of Sprint's existing 13.1% stake in the company. Following the closing of the transaction, Sprint's prepaid business, which includes its Boost Mobile brand, will be led by Dan Schulman, current Virgin Mobile USA chief executive officer, who will report directly to Dan Hesse, Sprint Nextel president and chief executive officer. more
Related Tags: virgin-mobile-usa, USA
Virgin Mobile USA Added 216,000 Subscribers in Q4 '08
Virgin Mobile USA has announced that fourth quarter net customer additions were approximately 216,000 with churn for the fourth quarter 2008 of 4.8%. The CDMA based mvno ended the year with approximately 5.38 million customers, including customers added with the acquisition of Helio, which closed on August 22, 2008. The Company attracted more than 3.3 million gross customer additions during the year. more
Related Tags: arpu, virgin-mobile, cdma, virgin-mobile-usa, nextel, USA
Sprint Nextel Increases Comission Payments to Virgin Mobile
Sprint Nextel has changed the terms of its commission payments to its mvno partner, Virgin Mobile USA which suggests that the firm is taking a more aggressive stance in trying to boost its flagging subscriber base. more
Related Tags: virgin-mobile, cdma, virgin-mobile-usa, sk-telecom, sprint, nextel, USA
Head of Sprint's CDMA Network Resigns
Sprint Nextel has lost another senior director after the President of the CDMA network division, John Garcia resigned suddenly on Friday. Keith Cowan, currently Sprint's President of strategy and corporate development, will take over Garcia's duties until a permanent replacement can be found. more
Related Tags: cdma, tim, sprint, nextel, USA
Sprint Launches its Initial WiMAX Service
Sprint Nextel has at last, commercially launched its WiMAX network - currently branded as XOHM - in Baltimore. The data-centric network has been launched with average download speeds of 2-4 Mbps. more
Related Tags: intel, samsung, wimax, mobile-wimax, clearwire, zte, sprint, nextel, samsung-electronics, notebook, USA
Virgin Mobile USA Loses Chief Financial Officer
Virgin Mobile USA has lost its Chief Financial Officer, John Feehan - who has announced that he will leave in Mid-November to join a firm working in identity theft protection. more
Related Tags: virgin-mobile, virgin-mobile-usa, sk-telecom, sprint, chief-financial-officer, cfo, USA
UPDATE: Virgin Mobile to Acquire Helio in All-Stock Deal
NEW YORK -(Dow Jones)- Virgin Mobile USA agreed to buy Helio for $39 million in stock as the two struggling mobile-service resellers place bets that their combined operations will fare better in the tightening wireless market. more
Related Tags: virgin-mobile, compete, stanford, virgin-mobile-usa, sk-telecom, sprint, USA
Virgin Mobile Confirms Talks With SK Telecom
Confirming recent media speculation, Virgin Mobile USA has announced that it is in "preliminary discussions" with South Korea's SK Telecom to explore possible strategic opportunities. Virgin Mobile USA said these discussions are in early stages, and there are no assurances that any transaction will result. more
Related Tags: virgin-mobile, virgin-mobile-usa, sk-telecom, sprint, nextel, USA
APC Wireless Buys Latino Focused MVNO
Movida, the USA based Latino-focused mvno has been brought by Cozac, a subsidiary of APC Wireless. The acquisition of Movida and Liberty Wireless (acquired January 2008) enhances APC WirelessÃ's mvno strategy. more
Related Tags: ptc, bankruptcy, sprint, nextel, florida, USA