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 [...]