Virgin Mobile post earnings, gets a boost from new unlimited offering
by Chris Ziegler 
posted May 12th 2009 at 12:29PM
Sound familiar? Ultra-cheap unlimited plans are doing well (in some cases, too well) for everyone that's offering them these days, and it seems that Virgin is no exception to the rule. Following the April 15 launch of its $49.99 unlimited plan, the company announced during its earnings call this week that it's seen a five-times-over boost in unlimited plan adds (yeah, bargain pricing will do that), which dovetails nicely with the MVNO's claim earlier in the year that the crappy economy really set it up for big wins in '09. Notably, the quarter saw income rise 301 percent year-over-year to $19.1 million while operating revenues rose 2 percent to $337.3 million, so things are looking up for these guys just months after financials were looking weak -- so strong, in fact, that they've revised their full year cash flow and earnings upwards. Does this mean we get new Helio gear soon?[Via mocoNews]
Filed under: Virgin Mobile, MVNOs
Reader Comments (Page 1 of 1)
GOMAB2k4 @ May 12th 2009 1:11PM
I wonder who is doing better...VM or Boost. Also, I hope they bring some new devices and services to the Helio side of things.
L_A_Art @ May 12th 2009 5:11PM
Why would anyone even want new Helio gear? Their customer service is useless for anything besides getting credits, you can't use the buddy locator because, let's face it, no one you know has another helio headset, and they don't have any upgrade options like the other carriers. Helio either needs to start bringing a ton of new phones, or just get phased out of VM.