South Korea’s largest mobile phone company by subscribers, SK Telecom, and third-largest US wireless carrier Sprint Nextel are reportedly in preliminary talks to link up and share information about new mobile phones and other technology.This news follows recent reports that SK Telecom was looking to buy a minority stake...
Sprint Nextel is negotiating an agreement to share mobile technology with South Korean telco, SK Telecom, reports The New York Times NYT quoting "people familiar with the talks". The partnership would see the companies exchange information about new handsets and other technological developments. The firms are also reportedly discussing...
Virgin Mobile USA has agreed to buy Helio, the US mobile operator controlled by South Korea Telecom SK Telecom, says the Financial Times. According to the unconfirmed report, Helio will be merged into Virgin Mobile and SK Telecom will own 20% of the merged entity, which will be worth...
Purple Labs, a France-based developer of Linux-based software for mobile phones, has acquired the browser and messaging side of Openwave's business for USD32m. Under the terms of the agreement, Openwave transferred assets of its client software business to Purple Labs...
Virgin Mobile USA has agreed to buy Helio, the US mobile carrier owned by South Korea's SK Telecom, for USD39m in shares. Following the deal, Helio and its 200,000 customers will be merged into Virgin Mobile, which has more than 5m users, and the new entity will operate under...
Virgin Mobile USA has agreed to buy Helio, the US mobile carrier owned by South Korea's SK Telecom, for USD39m in shares. Following the deal, Helio and its 200,000 customers will be merged into Virgin Mobile, which has more than 5m users, and the new entity will operate under...
SEOUL (Reuters) - Virgin Mobile USA VM is set to acquire a U.S. mobile arm of South Korea's SK Telecom Co as both sides agreed to combine their struggling businesses, the Financial Times reported on Wednesday. A deal was agreed in principle...
Whatever you do, don't call it a cell phone. As Julie Alexandria finds out, the Helio is a "device" that is part of SK Telecom's strategy to break into the U.S. market.
StubHub, the world's largest ticketmarketplace, today announced it has forged a partnership to become theOfficial Fan to Fan Ticket Marketplace of the third annual Virgin MobileFestival, the largest music and art event on the East Coast, which takesplace at Pimlico Race Course on August 9th and 10th in Baltimore, Maryland.StubHub...
Virgin Mobile USA definitely walks to its own, very hip drumbeat. Big cellphone carriers such as AT&T and Verizon Wireless are famous for herding customers into long-term service contracts. Virgin specializes in prepaid plans that allow its customers -- half of them under 35 -- to pay as...
New Sleek, Soft Flip-Style ARC Joins Flare, Slash and Wild Card WARREN, N.J., July 8 /PRNewswire-FirstCall/ -- Virgin Mobile USA announced its newest handset for 2008, the UTStarcom Arc. A flip phone outlined with stylish curves, the Arc is finished in a trendsetting red soft-feel touch. This...
Valhalla Partners, a technology venture capitalfirm devoted to building world-class technology companies, today announcedit has hired two new professionals to its growing team -- Saj Cherian,Principal, and Leon Zilber, Research Analyst. Both hires underscoreValhalla's ability to attract top talent and its prominence as a premierhigh-tech venture capital firm. Cherian brings...
Will Guelph, Halifax or Saskatoon be the next fashion capital of the world? The entries are in, the submissions are combed and the competition is fierce for FASHION Magazine's Reporter Search 2008. The editorial team has short listed 20 finalists ? only ten will make the cut to join the...
SAN FRANCISCO and LONDON, July 7 /PRNewswire/ -- Masdar Clean Tech Fund and Virgin Green Fund today announced the buy-out of DuraTherm, Inc., a petroleum and metal recycling business based in Texas City, TX. The transaction, structured as an asset acquisition, was supported by debt from HSH Nordbank...
TELECOMWORLDWIRE-4 July 2008-Virgin Mobile USA enters into service agreement with IBMC1994-2008 M2 COMMUNICATIONS LTD http://www.m2.com Virgin Mobile USA Inc (NYSE:VM), a provider of prepaid and hybrid wireless plans, on Thursday (3 July) announced that the company has signed a services agreement for Information Technology IT operations and new...
Virgin Mobile USA, Inc. (NYSE: VM), a leadingnational provider of prepaid and hybrid wireless plans, today signed aservices agreement for Information Technology IT operations and newapplications development with IBM (NYSE: IBM). The agreement will allowVirgin Mobile USA to enhance its technology capabilities and improve itsproduct portfolio for new and...
Critically Acclaimed Album's 1st Single, 'Lolli Lolli Pop That Body,' Hits #1 on iTunes Top Hip Hop Songs Chart Three 6 Mafia Named Featured Artist in Virgin Mobile USA's 'First Dibs' Program Offering Exclusive Access to Contests, Videos & Ringtones NEW YORK, July 2 /PRNewswire/...
Virgin Mobile USA customers have direct onlineaccess to some of the hottest mobile downloads including those ofPlayPhone, Inc., ( www.playphone.com ) which operates the largest network ofmobile content destinations in North America. PlayPhone announced today itwill power off-deck mobile entertainment content for the leadingno-contract wireless provider's more than five...
NEW YORK -- Virgin Mobile USA Inc. is buying Helio LLC, a struggling cell phone carrier that was founded to bring the advanced features of South Korean phones to the U.S. market. Virgin Mobile said Friday it would pay $39 million in stock for Helio, which has...
- Additional strategic investment totaling $50 million made by Virgin Group and SK Telecom at $8.50 per share - Improved capital structure through increased liquidity and $50 million paydown of senior secured credit facility - Incremental $60 million added to revolving credit facility - Maximum assumption...
