Virgin Mobile USA

Sprint Nextel to Buy Virgin Mobile USA in $483 Million Deal

Authored by Mark Hefflinger on July 28, 2009 - 7:46am.
Reston, Va. - Looking to boost its prepaid cell phone business, wireless carrier Sprint Nextel (NYSE: S) said on Tuesday that it will acquire Virgin Mobile USA in a deal valued at $483 million. When the deal closes later this year or in early 2010, Sprint plans to pair its Boost Mobile business with the Virgin Mobile brand, uniting two of the major players in the fast-growing market for prepaid wireless.

Virgin Mobile USA Cutting 45 Jobs, 10% of Workforce

Authored by Mark Hefflinger on November 17, 2008 - 10:38am.

Warren, N.J. - Virtual mobile network operator Virgin Mobile USA announced on Monday that it is eliminating about 45 positions in its New Jersey and California offices, which represents about 10% of its workforce.

Virgin Mobile Completes Acquisition of Helio for $38 Million

Authored by Mark Hefflinger on August 25, 2008 - 11:05am.

Warren, N.J. - Virgin Mobile USA has completed its acquisition of Helio, a cellular carrier owned by EarthLink Inc. and SK Telecom, for $38 million.

LiveWire, Virgin Mobile USA to Sell Ringback Tone Bundles

Authored by Mark Hefflinger on August 7, 2008 - 11:36am.

Littleton, Mass. - LiveWire Mobile, a unit of NMS Communications (NASD: NMSS), announced that it has partnered with Virgin Mobile USA to offer subscribers the ability to purchase packs of ringback tones that play in rotation, rather than the same tone each time a call is placed. The companies are offering 12 programmed playlists, organized by genre, and charging $3.50 per month in addition to a $1.50 per month service fee.

Virgin Mobile USA to Acquire Helio for $39 Million in Stock

Authored by Mark Hefflinger on June 27, 2008 - 9:17am.

Warren, N.J. - Virgin Mobile USA, the wireless telecom services provider, has signed a deal to acquire Helio, a wireless services joint venture between EarthLink (NASD: ELNK) and SK Telecom, for about $39 million in Virgin Mobile stock. Helio has about 170,000 existing subscribers with an average revenue per user of about $80, and a handset inventory of about 85,000 units with a book value of about $17 million.

SK Telecom, Virgin Mobile in Talks Over Helio, Other U.S. Assets

Authored by Mark Hefflinger on May 14, 2008 - 9:28am.

Atlanta - According to published reports on Wednesday, South Korea-based SK Telecom and Virgin Mobile USA are in strategic negotiations regarding Helio, SK's wireless services joint venture with EarthLink, as well as other business assets in the U.S.

Virgin Mobile, Burger King Team on $1 "Ringtone Value Menu"

Authored by Mark Hefflinger on April 30, 2008 - 12:47pm.

Los Angeles - Virgin Mobile USA on Wednesday announced a ringtone promotion with fast food chain Burger King and Warner Music Group (NYSE: WMG), to create a "Virgin Mobile Ringtone Value Menu" that will offer a selection of ringtones for just $1 each. Artists whose songs are included in the promotion include Flo Rida, Mana, Buckcherry, Estelle and War.

Virgin Mobile USA Raises $412 Million in IPO

Authored by Mark Hefflinger on October 11, 2007 - 7:30am.
Virgin Mobile USA logo Warren, N.J. - Virgin Mobile USA, the mobile virtual network operator joint venture between Richard Branson's Virgin Group and wireless carrier Sprint Nextel, has raised $412 million in its initial public offering on the New York Stock Exchange.

Wireless Network Virgin Mobile USA Plans $100 Million IPO

Authored by Mark Hefflinger on May 3, 2007 - 10:20am.

Warren, N.J. - Virgin Mobile USA, a mobile virtual network operator joint venture between U.K. billionaire Richard Branson's Virgin Group and Sprint Nextel, has filed to raise up to $100 million in an initial public offering on the NYSE.

Capcom Interactive to Power WAP Games for Virgin Mobile USA

Authored by Mark Hefflinger on March 29, 2007 - 2:25pm.

Los Angeles - Japanese video game publisher Capcom Interactive announced on Thursday an agreement with mobile network operator Virgin Mobile USA, to act as the sole aggregator and manager of WAP game titles on its network. Titles offered on the Games Lite channel include "Shade," "Who Wants To Be A Millionaire" and "Dope Warz."

Virgin Mobile USA to Offer Exclusive Boyz N Da Hood Ringtones

Authored by Mark Hefflinger on October 19, 2005 - 9:58am.
Warren, N.J. - Wireless carrier Virgin Mobile USA announced on Wednesday that it partnered with Warner Music Group to offer exclusive ringtones and wallpapers from Bad Boy Records artist Boyz N Da Hood. The deal includes 11 exclusive ringtones from the hip-hop artist's self-titled album, in addition to three wallpapers, which will be available exclusively to Virgin Mobile USA subscribers through Oct. 31.