SK Telecom denies acquisition rumor
A few days ago mocoNews reported that according to a source Virgin Mobile and Helio were talking merger and one possible scenario was SK Telecom (owner of Helio) buying Virgin Mobile, do a cash infusion, then Virgin Mobile would buy Helio in an all-stock transaction.
SK Telecom is denying the deal, saying that they are not in “any sort of talks” and that the rumors are “groundless.”
Something interesting, though, is that they are “actively seeking” ways to grow their US cellular business.
Something is likely up, SK Telecom is just not ready to talk about it.