Virgin Mobile USA completed its acquisition of Helio, a joint ven...
Virgin Mobile USA completed its acquisition of Helio, a joint venture between SK Telecom and EarthLink, it said. Helio shareholders have received limited partnership units and 13 million Virgin class A common shares valued at $38 million, Virgin said.…
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SK Telecom and Virgin Group each will invest $25 million in preferred shares of the company. The transaction offers Virgin new data applications, entry into the postpaid market, 170,000 Helio customers, debt reduction and a new strategic shareholder, SK Telecom, Virgin said.