Virgin Mobile Buys Helio

The rumors are true, people! It is now official that Virgin Mobile has purchased Helio for $39 million.

This has certainly been a big week for Virgin, as they announced unlimited calling plans just a couple days ago for $79.99; now, Virgin will not acquire Helio’s customers, it will also take over Helio’s inventory and billing systems. Ocean 2 anyone?

Because of this, Virgin expects to be able to negotiate better rates with Sprint, its network partner.

The deal is expected to be finalized in Q3 of this year.

Helio Ocean

via PhoneScoop

Author: Brad Molen

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