Is Helio store closing sign of sale?

Virgin Mobile still just a rumor. According to the report by Fierce Wireless, Helio customers could find themselves Virgin customers in due time, whether there’s a merger or not. Photo Credit: Sue Marek It appears that the deal is crawling along because Virgin wants Helio to either declare bankruptcy (which would likely help Virgin out with Helio’s debt), or for it to liquidate. SK Telecom, which sank $270 million into Helio less than a year ago, is probably a bit hesitant about this. Again, all signs point to something, anything, getting done. It might take a few more days or weeks. But in the end, it looks like Helio’s days have come to a close.]]>

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  1. Melissa E. on June 27, 2008 at 5:08 pm

  2. PrepaidWirelessGuy on June 30, 2008 at 11:09 am

    That’s really very interesting. I would have thought that they wouldn’t have shut down the stores so quickly, so as not to alienate Helio customers. Of course that is only if they view thos customers as valuable, which I assume they do, unless of course Virgin is simply after the handsets and platform/application assets. That said, sometimes these things are just about saving cash. Looking forward to seeing what happens.