Virgin Mobile buys (once) high-flying Helio for $50M, as mobile consolidation begins
Virgin Mobile USA has agreed to acquire Helio mobile phone division from SK Telecom and Earthlink for an investment that totals $50 million.
The deal is part of a consolidation trend in mobile. Nokia this week agreed to buy Symbian, the mobile phone software maker, for $329 million. And Microsoft agreed yesterday to buy Portugal’s Mobicomp. Mobicomp is a mobile software company specializing in the storage and backup of data.
The deal ends a high-profile attempt by… Continue Reading