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Articles tagged with: Virgin Mobile Usa and Mvno
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, virgin, 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, virgin, 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, xl, opera, opera-mini, mobile-web-browser, web-browser, lightning, helio, mobile-web, virgin,
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, cdma, nextel, churn, virgin,
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, cdma, sk-telecom, sprint, nextel, sec, helio, virgin,
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, ibm, sk-telecom, weather, new-jersey, cfo, california, helio, jersey, virgin,
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, sk-telecom, sprint, chief-financial-officer, cfo, virgin,
Virgin Mobile USA Announces Helio Integration Plans
On August 22, 2008, Virgin Mobile USA completed its acquisition of rival MVNO, Helio and the company has now unveiled its new branding message to highlight the acquisition: "Helio By Virgin Mobile: Plan To Have It All." more
Related Tags: virgin-mobile, customer-care, sk-telecom, helio, virgin,
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: sprint-nextel, virgin-mobile, compete, stanford, sk-telecom, sprint, helio, virgin,
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: sprint-nextel, virgin-mobile, sk-telecom, sprint, nextel, helio, virgin,
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