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 [...]

Just yesterday SK Telecom made an official announcement claiming that rumors regarding a possible merger between Virgin Mobile USA and Helio were "groundless." Today, however, is another story altogether. Turns out the two companies, Virgin Mobile USA and SK Telecom, are actually in early talks to hash out possible strategic partnerships. One scenario has SK Telecom [...]

Following market speculation that SK Telecom, Helio's sole remaining parent, was negotiating with Virgin Mobile USA to orchestrate a possible merger between the two companies, the South Korean carrier has announced that rumors regarding Virgin Mobile USA's acquisition of Helio were "groundless." SK Telecom wants us to know that it remains "committed" to Helio but that [...]

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 [...]