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Virgin nabs Helio for $39 million - June 27, 2008
PC Mag's Sascha Segan
has the details about Virgin Mobile buying Helio, 'the struggling high-end wireless carrier,' for $39 million.
Virgin Mobile will acquire Helio's 170,000 customers, but whether Helio's brand and unique services will continue is unclear. The two companies are both "mobile virtual network operators" who resell Sprint wireless service with their own exclusive phones, applications and plans.