Virgin-Helio: Execs Explain Tie-Up; Confirms Helio Store Closures And Other Reductions

Virgin Mobile (NYSE: VM) hosted a conference call this morning to explain the acquisition of Helio, which will cost them $39 million, and will gain them a fresh $50 million of investments from Virgin Group and SK Telecom (NYSE: SKM) at a price of $8.50 per share. Release.

Virgin

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