Virgin Mobile USA to acquire Helio for $39 million in stock
Virgin Mobile USA, the wireless telecom services provider, has signed a deal to acquire Helio, a wireless services joint venture between EarthLink and SK Telecom, for about $39 million in Virgin Mobile stock.
Sprint Nextel announced it will acquire Virgin Mobile USA for a total equity value of $483 million, which includes the value of Sprint's current 13.1 percent fully diluted ownership interest in the MVNO.