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Articles tagged with: Virgin Mobile Usa 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
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
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, 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: virgin-mobile, mvno, cdma, sk-telecom, sprint, nextel, 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, mvno, sk-telecom, sprint, chief-financial-officer, cfo, USA
EARNINGS PREVIEW: US Telecoms Expect Strong Wireless Qtr
TAKING THE PULSE: The wireless business continues to hum for the U.S. telecommunications companies, but signs of competitive pressure are beginning to creep in. Wireless continues to be driven by smartphone sales and the adoption of pricier service plans, offsetting the deteriorating wireline business. AT&T remains at the forefront but eventually will lose its leadership position in wireless once Verizon Communications completes its acquisition of Alltel. Smaller companies, meanwhile, are scrambling to catch up, with prepaid wireless reseller Virgin Mobile USA acquiring niche player Helio. The landline business, meanwhile, continues to deteriorate as a result of economic pressures and alternative lines of communications. more
Related Tags: thomson, samsung, cisco, virgin-mobile, verizon, alltel, lg, touchscreen, landline, verizon-communications, lg-electronics, satellite, sprint, nextel, USA
Virgin Mobile May Struggle in Shifting Demographic Aim
NEW YORK -(Dow Jones)- Virgin Mobile USA may find itself with growing pains as it attempts to mature alongside its youthful customer base. more
Related Tags: wi-fi, deutsche-telekom, t-mobile, t-mobile-usa, t-mobile-usa, virgin-mobile, verizon-wireless, verizon, apple, stanford, touchscreen, sk-telecom, sprint, nextel, 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, mvno, compete, stanford, 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, mvno, sk-telecom, sprint, nextel, USA
Wireless Carriers Target Young Texters With Latest Phones
NEW YORK (Dow Jones)-With the mainstream market for wireless service customers maturing, carriers have begun to specifically target young adults prone to text messaging and emailing with their latest lineup of mobile devices. more
Related Tags: deutsche-telekom, windows-mobile, microsoft, t-mobile-usa, text-messaging, virgin-mobile, smartphones, pantech, teenagers, nextel, sidekick, USA
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