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Virgin Mobile USA apparently made a good move in their decision to acquire defunct post-paid wireless carrier Helio. Following a negative 2Q 2008 that had costs associated with the Helio acquisition dragging down Virgin Mobile USA’s bottom line, the affordable wireless carrier has announced a profitable 3Q 2008.
Virgin Mobile USA added 821,491 gross subscribers to its network, representing an 8% year-on-year increase in subscriber additions. Their expanded customer base helped Virgin Mobile pull in $4.1 million in profits for the third quarter, easing the blow of the carrier’s $7.4 million loss last quarter.
The financial announcement proves that the wireless industry might prove to be a profitable safe-harbor in a rough economic sea.
[Via: RCR]
About The Author
Will Park
Will hails from The City of Angels - Los Angeles, California. He spends his time playing with his numerous gadgets and looking forward to seeing what future holds for mobile technology. An avid promoter of a fully "digital" life, he promotes the widespread adoption of truly mobile, paper-less living. He dreams of the day when he can go completely digital. No more snail mail, paper receipts, bound books, notepads/spiral notebooks, credit cards, hard currency. He's a digital warrior - fighting for the converged life. He is an idealist and a realist - he has a perfect view of what the world should be but knows that the world is not perfect. Can we ever hope to see Will's dream become reality? We'll see...
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Simon Sage
