SK Telecom rebuffs Virgin Mobile USA and Helio merger rumors

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 the company is "actively seeking opportunities." It's not clear if reports from the Wall Street Journal and Reuters pointing to the two companies engaging in "early talks" have been misconstrued as merger-talks, or if Helio and all those involved want to keep a tight lid on the matter until things get ironed out. [Via: MocoNews ] --- Related Articles at IntoMobile:

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