Not completely unexpected, Virgin Mobile USA has today announced that it will indeed be taking over Helio. The MVNO joint-venture between SK Telecom and Earthlink has struggled to find even a modicum of success in a competitive and cut-throat US wireless market. And, it seems that Helio's financial troubles have finally come to a head with [...]

While no official announcement has yet been made, the Financial Times is reporting that a source close to the situation has indicated that a tentative agreement has been struck between Virgin Mobile USA and Helio. The deal would have Helio essentially being absorbed within Virgin Mobile USA's larger wireless network. Virgin Mobile USA and Helio have [...]

With Helio burning through cash like it's going out of style, the youth-targeted MVNO could really use a helping hand. And, what better way to position yourself as the premier MVNO in the US than to buy up your closest rival. Reports are circulating that SK Telecom, Helio's only remaining parent company, and Virgin Mobile USA [...]

It looks like that little wireless venture between Earthlink and SK Telecom has finally hit a crossroads. Helio has been thus far managed on two fronts - with investors Earthlink and SK Telecom getting equal say in Helio’s future. Well, it seems that Dusan’s mention of Earthlink taking a lesser role in Helio was pretty much on point. SK Telecom was set to pump more (much needed) cash into the hemorrhaging carrier, and today it was announced that SK Telecom will be investing another $70 million into Helio - effectively giving them a controlling stake in the company and the right to direct the company’s development. We’ll have to wait and see how Helio fares in the long run. With SK Telecom at the helm, we’re hoping to see some of those uber-cool Korean handset start to hit US shores. [Via: Reuters ] ---Related Articles at IntoMobile:Anyone building an application that can control media center?SK Telecom invests additional $270 million in Helio while Earthlink is pulling backHelio gets another cash infusion from SK Telecom and EarthlinkAT&T U-verse Launches Mobile Remote DVR ControlUK companies lose £1 million a day on employee's personal phone calls