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Articles tagged with: Virgin Mobile Usa
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: sprint-nextel, mvno, 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: sprint-nextel, mvno, USA
Virgin Mobile USA Quarterly Profits Surge
Virgin Mobile USA has reported a 301% jump in first quarter profits to US$19.1 million compared to US$4.7 million in the first quarter of 2008 - while revenues were largely flat at US$337.3 million, up 2% year over year. more
Related Tags: USA
Virgin Mobile to Support Opera Mini Mobile Web Browser
Opera Software has announced an agreement with the MVNO, Virgin Mobile USA to distribute the Opera Mini mobile web browser on several Virgin Mobile USA handsets. Virgin Mobile USA subsidiary Helio was the first U.S. carrier to sign a deal with Opera Mini in the United States. more
Related Tags: samsung, virgin-mobile, mvno, xl, opera, opera-mini, mobile-web-browser, 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, sprint-nextel, virgin-mobile, mvno, cdma, 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: sprint-nextel, virgin-mobile, mvno, cdma, sk-telecom, sprint, nextel, USA
Consumers Cut Cars, Clothes and Concerts Before Cutting Cell Phone Costs
In a tough economy, Americans are more likely to cut back on entertainment, food and clothing before they change the way they use their cell phones, according to a recent Virgin Mobile USA customer poll. more
Related Tags: avea, virgin-mobile, USA
Virgin Mobile USA Gets Listing Warning from New York Stock Exchange
Virgin Mobile USA has received a warning from the New York Stock Exchange that it is not in compliance with certain listing criteria. The Company is considered below the applicable standards because the average market capitalization of its Class A common stock and substantial equivalents, including limited partnership interests in Virgin Mobile USA, L.P., its operating partnership, over a period of 30 trading days is less than US$100 million. more
Related Tags: virgin-mobile, new-york, USA
Virgin Mobile USA Cuts 10% of its Workforce
Virgin Mobile USA has announced that it is cutting around 45 jobs - representing some 10% of its workforce, in its New Jersey and California offices. In a memo to employees, Virgin Mobile USA Chief Executive Officer Dan Schulman explained that the Company had identified continued synergies associated with the transition of IT services to IBM and the acquisition of Helio. more
Related Tags: virgin-mobile, mvno, ibm, sk-telecom, weather, new-jersey, cfo, california, 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: sprint-nextel, virgin-mobile, mvno, sk-telecom, sprint, chief-financial-officer, cfo, USA