Virgin Mobile to buy Helio for $39M
 

NEW YORK - Virgin Mobile USA Inc. is buying Helio LLC, a struggling cell phone carrier that was founded to bring the advanced features of South Korean phones to the U.S. market.
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Virgin Mobile said Friday it would pay $39 million in stock for Helio, which has 170,000 subscribers, down from nearly 200,000 at the beginning of the year.
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*Source: Yahoo (http://news.yahoo.com/s/ap/20080627/...A.jHcjt BAF)*

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