toggle

AAPL Stock: 113.29 ( + 0.37 )

Printed from http://www.macnn.com

Virgin confirms talks with SK Telecom

updated 12:00 pm EDT, Wed May 14, 2008

Virgin Confirms Helio Talk

Virgin Mobile USA today confirmed that it was in the early stages of talks with SK Telecom to investigate "strategic opportunities" between the two companies. The revelation partly rebuffs denials by SKT of involvement with Virgin but doesn't provide more details as to the nature of the talks beyond the statement. There are no guarantees that anything will result from negotiations, Virgin claims. The company adds that it has no plans to add more detail unless any deal is struck.

While unconfirmed and officially dismissed, SK Telecom has been reported by multiple sources as considering a merger of Helio and Virgin in an attempt to improve Helio's welfare in the US, where it struggles versus incumbent carriers such as AT&T and Sprint. Virgin itself has been struggling since the collapse of its stock over the past several months and has previously said it was investigating options that would help turn around its fortunes.

Virgin currently outranks Helio as the largest American "virtual" cellphone network operator, and like most of its kind in the country is dependent on airtime it purchases from Sprint.




by MacNN Staff

POST TOOLS:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

Follow us on Facebook

toggle

Most Popular

Advertisement

Recent Reviews

ZTE Spro 2 Smart Projector

Home theaters are becoming more and more accessible these days, but maybe you've been a bit wary about buying a home projector. And h ...

MSI Geforce GTX 970 100ME

When Nvidia announced a new line of video cards in September 2014, many people thought things would continue to be business as usual i ...

Wren V5US Wireless Sound System

If you're a music fanatic, chances are you are, by extension, a bit fanatical about what you listen to your music on. If you're like ...

toggle

Most Commented