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Kid-oriented MVNO Kajeet has raised $1.05 million as part of its second round of funding, according to a regulatory filing, PEHub reports . Although the latest traunch isn't much, the Bethesda, Md.-based company, focused on kids and tweens, has previously raised more than $68 million from a variety...
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Nokia ( NYSE: NOK ) is considering launching its own MVNO in Japan, according to Kyodo News ( via Cellular-News ). The move would be allow Nokia to compete head-to-head with operators, instead of relying on carriers to adopt both their phones and its newer content business. According to unnamed sources...
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Pretty regulation stuff, but Virgin Mobile USA ( NYSE: VM ), which just announced job cuts , is in danger of being de-listed from NYSE, after receiving a notice that it is not in compliance with certain listing criteria. It is below the applicable standards because the average market cap of its Class...
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Ad-funded, youth-targeted European mobile virtual network operator Blyk announced yesterday that it had secured a massive $50 million (40 million euros) in funding from its existing backers, which include Goldman Sachs, IFIC and Sofinnova Partners, no mean feat for a company whose business model relies...
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Virgin Mobile USA ( NYSE: VM ) said today it's laying off about 45 employees in its New Jersey and California offices, which represents about 10 percent of the overall workforce. It now will have about 400 employees on payroll. In a memo sent to employees today, Virgin's CEO Dan Schulman explained...
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Mobile social network platform provider envIO networks has appointed former Vantrix head Manish Jha as president and CEO of the company. He replaces the company's co-founder and previous CEO Prakash Iyer, who takes up the position of Chief Technology Officer. Jha, who arrives from Vantrix, a Montreal...
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Virgin Mobile USA ( NYSE: VM ) CFO John Feehan has decided to stay on in his current role after announcing plans to leave for the same position at LifeLock a couple months ago. Feehan's departure and relocation to Phoenix was coming up soon, but he thought better of it before making the leap. "It...
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-- Verizon Wireless ( NYSE: VZ ) has exclusive Beyonce content: Prior to Beyonce's new album release "I AM.. SASHA FIERCE" on Nov. 18, Verizon Wireless will be able to offer its customers on V CAST Music. Starting tomorrow, Verizon Wireless customers will be able to download and purchase...
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11-13-2008
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If teens don't read newspapers, perhaps they'll keep up with the news on their phones, or at least that's what The Associated Press is hoping with the launch of two new youth-oriented mobile Web sites on Virgin Mobile USA ( NYSE: VM ) handsets. Both "AP Entertainment" and "CUBI...
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Virgin Mobile USA ( NYSE: VM ) reported stronger than expected financial results today, helped by a series of actions that took place following the company's acquisition of Helio. It wasn't so much Helio's customers and it definitely wasn't the company's distribution system that benefited...
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Virgin Mobile USA ( NYSE: VM ) reported its Q3 financial results today, which is the first period that includes results from Helio, the struggling MVNO that the company bought from EarthLink and SK Telecom ( NYSE: SKM ) in August. The company easily beat its expectations in the quarter, by reporting...
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Korean operator SK Telecom ( NYSE: SKM ) reported third quarter net income plunged 57 percent to 333.6 billion won ($225 million), on sales of 2.9 trillion won, the company said today. Profit missed analyst expectations, which had been forecasted to reach 353.7 billion won, based on a Bloomberg poll...