Virgin Mobile to file for IPO

by Brian White posted May 2nd 2007 at 11:52PM

Virgin Mobile's distinction of being the first MVNO in the U.S. means it is the "granddaddy" of virtual operators, at least stateside. Enough bragging time has now gone by apparently, as Virgin Mobile has filed for an initial public offering (IPO). The move will take the company public where shares of the company will be traded in the U.S. marketplace. Some pundits believe this signals a maturation of the MVNO segment in the U.S. wireless landscape, but don't tell that to the scrappy folks at Amp'd Mobile or Helio, will ya? Anyhoo, Virgin Mobile has filed to be listed as "VM" on the New York Stock Exchange and it's possible the company will raise up to $100 million in the offering. That wad of cash will most likely be used to pay off debt and give a certain, unknown sum to Sprint Nextel, the carrier representing the American half of the joint venture -- the other half, of course, being Virgin proper.

Filed under: Virgin Mobile, MVNOs

Tags: NYSE, Virgin, Virgin cellphone, Virgin Mobile, Virgin Mobile IPO, VirginCellphone, VirginMobile, VirginMobileIpo

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Reader Comments (Page 1 of 1)

Neutral

jenn @ Apr 30th 2008 1:25PM

i have not gotten notification that i have recieved my one free minute

Neutral

jenn @ Apr 30th 2008 2:45PM

i need some minutes

Neutral

jenn @ Aug 12th 2008 3:51PM

i am out of minutes, please help

Neutral

jen @ Aug 12th 2008 3:50PM

i need a minute

Neutral

jenn @ Aug 12th 2008 4:02PM

how will i find out when i get airtime?

Neutral

jenn @ Aug 12th 2008 4:00PM

i need minutes

Neutral

jenn @ Aug 12th 2008 4:04PM

help

Neutral

jenn @ Aug 12th 2008 4:07PM

help me

Neutral

LMDA1 @ May 3rd 2007 10:17AM

Actually, the first US MVNO was TracFone.

Neutral

Micki @ Jun 18th 2007 11:27PM

how can i earn minutes from sugar moma?

Neutral

Elena Moscoso @ Dec 6th 2007 5:31PM

I bougth about 3 years ago a Nokia Virgen Mobile was very happy no problems at all,now I just bougth Marbl Virgin Mobil and activated and is working find but I have a big problem trying to add time with the Top Up card I can't fin the way to go to top up in my new phone will you please e-mail me any information I already bougth $20.00 Top up card at Targen I always was doing this for years.
thank you for your attention I need your response as soon as possible.

Neutral

Elena Moscoso @ Dec 6th 2007 5:35PM

Why I have to gave my password/

Neutral

Elena Moscoso @ Dec 7th 2007 12:54AM

to much trouble for an information

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