Virgin Mobile USA Confirms Preliminary Discussions With SK Telecom
Posted on May 14, 2008
Filed Under Tech Biz
WARREN, N.J., May 14 /PRNewswire-FirstCall/ — Virgin Mobile USA, Inc.
(NYSE: VM) confirmed today that the Company is in preliminary discussions
with SK Telecom to explore possible strategic opportunities. Virgin Mobile
USA said these discussions are in early stages, and there are no assurances
that any transaction will result. Virgin Mobile USA will have no further
comment unless a definitive agreement is reached.
About Virgin Mobile USA, Inc.
Virgin Mobile USA (NYSE: VM) offers more than five million customers
control, flexibility and choice in wireless service, rich data content and
innovative products without annual contracts. Voice pricing plans range
from monthly options with unlimited nights and weekends to by-the-minute
offers, allowing consumers to adjust how and what they pay according to
their needs. Virgin Mobile USA’s smart, stylish and affordable handsets,
including the Wild Card, Super Slice and Flare, are available at top
retailers in more than 40,000 locations nationwide and online at
http://www.virginmobileusa.com/ with Top-Up cards available at more than
140,000 locations.
J.D. Power and Associates ranked Virgin Mobile USA highest in customer
satisfaction among wireless prepaid services in both 2006 and 2007, and its
customers report a 90% satisfaction rate. Virgin Mobile USA contributes a
portion of profits from downloadable content to The RE*Generation, its
pro-social initiative to help homeless youth, and provides postage-paid
return envelopes in every new phone package for customers to recycle old
phones. Virgin Mobile USA’s national coverage is powered by the nationwide
Sprint PCS network.
SOURCE Virgin Mobile USA, Inc.
Share ThisComments
Leave a Reply