Tuesday, May 13, 2008

Virgin Mobile USA Confirms Talks with SK Telecom

Virgin Mobile USA, confirmed that it is in preliminary discussions with SK Telecom to explore possible strategic opportunities. No further comments from the companies were offered. http://www.virgin.com http://www.helio.com

  • In January 2008, Helio, the U.S. joint venture between SK Telecom and EarthLink, activated its 200,000 mobile subscriber. Average revenue per user (ARPU) is over $85, well above the industry average.

  • In September 2007, SK Telecom confirmed plans to invest up to an additional $270 million in Helio, the U.S.. EarthLink was renegotiating its stake in the venture.

See also