The perpetually smiling Virgin Group founder Richard Branson is not happy.
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Virgin Mobile USA has quintupled the amount of money it hopes to raise in its IPO, according to forms filed Friday with the SEC. Warren, N.J.-based Virgin Mobile, a “virtual” wireless carrier that re-sells service on Sprint Nextel’s network, now hopes to raise $506 million , a sharp increase from […]
New York’s Amol Sarva has already shaken up the wireless industry once — now he’s looking to do it again with a new venture, Txtbl. Sarva helped found and build Virgin Mobile, which in five years has grown to about 5 million subscribers nationwide.
Virgin Mobile asked subscribers to “text” a dollar from their accounts to help homeless kids–and, so far, 84,000 of them have. Ariel Rosen, director of Virgin Mobile’s pro-social initiatives, described the campaign as “an easy, quick way to evoke ‘armchair activism.” She said the company initially saw a 4 per […]
Two-thirds of 18-24 year olds send text messages while driving (along with 100% of venture capitalists). Now, after a horrific crash has alerted folks to the fact that texting while driving is about a thousand times more distracting than talking while driving, the legislature will consider outlawing it. Unfortunately, an […]
Bankrupt “virtual” wireless carrier Amp’d Mobile, which resells service on Basking Ridge, N.J.-based Verizon Wireless’ network, may shut down tomorrow according to a new posting on their Web site (via MocoNews). As I noted last month at Forbes.com, Amp’d Mobile’s failure could be bad news for Warren, N.J.-based Virgin Mobile […]
The prices for the iPhone on Virgin Mobile service point to an interesting fact — it can be significantly less expensive than going for a plan on Verizon or AT&T.
Apple’s iPhone is heading to Virgin Mobile.
[credit provider=”(AP Photo/Eric Risberg)”] Apple is getting serious about trying to dominate the prepaid phone market.The Wall Street Journal reports that Sprint’s Virgin Mobile will start selling a prepaid iPhone on July 1, making it the second carrier in the United States to do so and the first carrier with national […]
Virgin Group Founder and Chairman Richard Branson has famously been an entrepreneur his entire life, starting with the launch of Student Magazine at 16, and a few years later, Virgin Records.
After a long, slow period for deals, there’s been a boomlet in M&A. In the last few days we’ve seen Amazon buying Zappo’s, IBM acquiring SPSS and Sprint buying Virgin Mobile. It’s great news for the suffering investment banks, but it also looks like smaller, unknowns are getting a slice […]
Helio, the “virtual” wireless carrier purchased by Virgin Mobile USA (VM) last year, plans to start selling the second edition of its flagship “Ocean” mobile phone sometime this quarter, a company rep tells us. The phone could go on sale as soon as next month.
“Virtual” mobile carrier Virgin Mobile USA (VM) will cut 10% of its staff, or about 45 people in New Jersey and California, the company announced today.