SK Telecom denies Virgin/Helio merger rumor, calls it “groundless”
Monday, May 12th, 2008Last Thursday, we reported on a rumor that Helio/Virgin Mobile were discussing a possible merge.
SK Telecom’s claiming the rumors a bunch of nonsense. According to a spokesperson for the company, there had not been “any sort of talks” between Helio and Virgin, saying all rumors as such were “groundless” and that they remained “committed to Helio.” In the vaguest statement of the century, she also added that SK Telecom was actively seeking opportunities to expand in the US.
I’m still on the fence with this one, as I’m wary about anything that could potentially cause radical changes to the way Helio does their thing. On one hand, more users and a larger retail footprint is an awesome thing. On the other, I heart Helio.
SK Telecom has big ol’ pockets, with over 50% of Korean mobile customers being SKT subscribers. Their pockets are fat enough to keep Helio afloat as long as they need to to work things out. I’d be incredibly surprised if any of the opportunities they were seeking involved tossing the brand they’ve been working to build.
[Via mocoNews.net]




