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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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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...
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So it starts: Helio brand has been integrated within Virgin Mobile USA ( NYSE: VM ), after the acquisition earlier this year. At CTIA, the company announced its new branding , at least for Helio: "Helio By Virgin Mobile: Plan To Have It All." And VMUSA did get all of Helio for the cheap, so...
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-- Virgin Unveils Helio Brand: Following the acquisition of Helio, Virgin Mobile USA ( NYSE: VM ) unveiled the new branding, saying it will be called: "Helio By Virgin Mobile: Plan To Have It All." Not many details have been announced yet, but immediate plans include launching the new Shuttle...
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In 2013, more than 140 million subscribers will be part of a mobile social network, and that they will generate $410 million from subscriptions alone, which doesn't include revenues from mobile advertising, according to a report recently released by ABI Research . To get a sense of where things stand...
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Virgin Mobile USA ( NYSE: VM ) said today it received all regulatory approvals for its acquisition of Helio. With the deal completed, Virgin Mobile will be able to expand its services from only pre-paid to also postpaid and to offer higher-end data services. In all, Virgin Mobile is getting more out...
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Virgin Mobile USA ( NYSE: VM ) reported its second-quarter earnings today saying its performance was affected by changes in consumer spending and a poor economy. During the quarter, profit fell 50 percent to $3.5 million and net service revenues fell 6 percent to $291.4 million, compared to the year...
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Virgin Mobile ( NYSE: VM ), the prepaid wireless carrier which agreed to buy Helio from Earthlink ( NSDQ: ELNK ) and SK Telecom ( NYSE: SKM ), announced second-quarter results today, saying its weak performance was driven by changes in consumer spending and a poor economy. In the second quarter, it made...
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Sky Dayton, the founder of Earthlink ( NSDQ: ELNK ), Boingo and most recently Helio (which was sold for a mere $39 million to Virgin Mobile USA ( NYSE: VM ) in June), has retired from the Earthlink board. Dayton served on the board since 1994, though he hadn;t been involved in day-to-day of the company...
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Virgin Mobile USA ( NYSE: VM ) today announced that they will be acquiring Los Angeles-based Helio, a competitor backed by SK Telecom ( NYSE: SKM ) and EarthLink, for $39 million. The deal is complicated because it also includes cash and debt infusions by SK Telecom and the Virgin Group, and a favorable...