The deal will also reduce Helio's current debt as well as give Helio directors two seats on Virgin's board.
Virgin is mainly a prepaid service and the new deal will give it immediate access to a subscription-based service that also "supplies much more advanced data services, which include both Internet-based radio and video streams as well as GPS-aware apps."
Because the approval was so recent, Virgin had not yet set out a long-term outline for its plans involving Helio or any word on new phones or features.
Written by: Andre Yoskowitz @ 23 Aug 2008 20:14
