Confirmed: Virgin Mobile USA and Helio in talks
Virgin Mobile USA and Helio have confirmed that they are in early stages of talks to merge the companies.
On Tuesday Virgin Mobile issued a statement that the two companies were in talks, and a Helio spokesman confirmed the news. The company has been rumored to be in talks over a merger since last week.
"These discussions are in early stages and there are no assurances that any transaction will result," Rick Heineman, a spokesman for Helio said in an email. "We will not have additional comments unless an agreement is reached."
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