SK Telecom in talks with Virgin Mobile on Helio

15 May 2008

On Wednesday, Virgin Mobile USA and South Korean SK Telecom revealed they have held preliminary talks over US MVNO Helio, a joint venture between SK Telecom and ISP EarthLink. SK Telecom had initially denied any negotiations had taken place but is now saying, ‘Discussions are at an early stage, and there can be no assurances that these discussions will lead to any transaction’. SK Telecom will still not confirm rumours that it plans to buy Virgin Mobile’s US operations, or that it has decided to sell Helio.

United States, SK Telecom (SKT)