Virgin Mobile to buy Helio for $39M
Another MVNO “bites the dust”; not exactly for Helio as it is being rescued by Virgin Mobile. At $39M it is a bargain for Virgin Mobile, compared to all the cash SK Telecom et al. have put into it…
It is SO hard and expensive to run an MVNO.
Helio was/is a very innovative group of folks, who entered and intertwined the space of mobility and social networks as never done before.
I know folks, good folks at Helio, and I wish them the best…
ceo