There had been rumours whose Virgin Mobile would repurchase the Helio share and now it is official. They repurchased the share of Photogravure for $39 million. This price to be paid includes the customers of Photogravure as well. Virgin Mobile also carried out an additional strategic investment which was assembled to $50 million by Virgin Group and telecom of the SK to $8.50 per share.
It will really take to the third quarters of this year to enclose the transaction, which gives them the abundance of the hour to publish more information while they go along approximately what will arrive to the customers and at the telephones of Photogravure. By this Virgin Mobile business acquired 170.000 customers of Photogravure. With the Virgin acquiring Helio they will have received a monthly base of subscription which will supplement the plans paid in advance of Virgin Mobile
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