Virgin Mobile USA Tells Wall Street “No Comment” Regarding Helio Rumors

Rafat reported last week that Virgin Mobile USA (NYSE: VM) is in merger talks with the much smaller and troubled MVNO Helio, and this week the rumors have the MVNO responding to Wall Street. At today’s Morgan Stanley 13th Annual Communications Conference, it didn’t take long for someone to ask Virgin Mobile’s CFO John Feehan about Helio. His canned response: “We’ve heard the rumors and we won’t comment on them.” Webcast.

Here are excerpts from the Q&A:

Is the company looking at acquisitions?: “Since the early days of roadshow, we said we feel there

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