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Roundup: Virgin Mobile acquires Helio, Starbucks to stop music sales and more

Posted on June 26, 2008

Here s the latest action:New partnership brings Helio to Virgin Mobile Virgin Mobile USA will acquire the U.S. arm namely, a mobile operator called Helio of South Korea-based SK Telecom, according to the Financial Times. Both mobile operators have been struggling to make money by piggybacking on the infrastructure of existing carriers. This announcement doesn t offer any sense of how they might bounce back; it just seems loaded with more bad news, like the estimate that Virgin Mobile USA will lose up to 160,000 users in the second quarter of this year. Starbucks will stop sell...

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