It is looking like Helio customers may soon be making their monthly payments to Virgin Mobile. Recent reports coming from a Helio “tipster” are claiming that we can expect to see some of their corporate stores and kiosks begin to close very soon.
It has also been mentioned that Helio and Virgin were looking towards a merger, but it seems that Virgin has backed out of those talks and the merger will not be happening. At least not without some drastic changes first. Those changes are said to be that Helio either considers a bankruptcy claim or a major liquidation. Which seems to fit nicely in line with those stores beginning to close.
Helio, while maybe not offering the widest selection of handsets does at least have a solid group. I would imagine that the customers main change would be who they write their checks to, but I would also hate to see the current selection of Helio handsets to go away, the Ocean for one is a nice, full featured phone at an affordable price. Either way it does not look good for those in the MVNO business, its also pretty safe to say that SK Telecom made a big mistake when they took the controlling stake in Helio.