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Virgin Mobile Usa Inc

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BUSINESS
October 12, 2007 | From Times Wire Services
Virgin Mobile USA Inc. shares rose 5% in their market debut Thursday as concerns about the cellphone service's growth prospects prompted one analyst to give it a "sell" rating. The venture of Sprint Nextel Corp. and Richard Branson's Virgin Group raised $412.5 million in its initial public offering, selling 27.5 million shares for $15 apiece, at the low end of a forecast range of $15 to $17. The stock initially rose 11% to $16.63 before retreating to close at $15.75.
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BUSINESS
April 10, 2009 | Alana Semuels
As the old saying goes, nothing in life is free. Unless, apparently, you're unemployed. Virgin Mobile on Thursday announced a Pink Slip Protection plan that waives as many as three months of wireless phone charges if a customer is laid off. It follows similar protection plans from Ford Motor Co., General Motors Corp. and Hyundai Motor Co. "The economy affects everybody, and it certainly affects our customers," said Jayne Wallace, spokeswoman for Virgin Mobile USA.
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BUSINESS
September 26, 2007 | From Times Wire Services
Wireless phone venture Virgin Mobile USA Inc. boosted its planned initial public offering to as much as $538 million, the second increase since the sale was announced in May. The total assumes an offering price of as much as $17 a share, Virgin Mobile said Tuesday in a regulatory filing. The company plans to sell as many as 31.6 million shares. In July, Virgin Mobile said it would raise as much as $506 million, five times as much as initially proposed.
BUSINESS
October 12, 2007 | From Times Wire Services
Virgin Mobile USA Inc. shares rose 5% in their market debut Thursday as concerns about the cellphone service's growth prospects prompted one analyst to give it a "sell" rating. The venture of Sprint Nextel Corp. and Richard Branson's Virgin Group raised $412.5 million in its initial public offering, selling 27.5 million shares for $15 apiece, at the low end of a forecast range of $15 to $17. The stock initially rose 11% to $16.63 before retreating to close at $15.75.
BUSINESS
April 10, 2009 | Alana Semuels
As the old saying goes, nothing in life is free. Unless, apparently, you're unemployed. Virgin Mobile on Thursday announced a Pink Slip Protection plan that waives as many as three months of wireless phone charges if a customer is laid off. It follows similar protection plans from Ford Motor Co., General Motors Corp. and Hyundai Motor Co. "The economy affects everybody, and it certainly affects our customers," said Jayne Wallace, spokeswoman for Virgin Mobile USA.
BUSINESS
July 29, 2009 | Martin Zimmerman
Sprint Nextel Corp. said Tuesday that it was buying Virgin Mobile USA Inc. for $483 million, further narrowing the range of consumer choices for prepaid cellphone service. Sprint said it would pay $5.50 for each Virgin Mobile share and assume up to $205 million in debt. Payment will be mostly in Sprint shares. The Overland Park, Kan., company already owns 13.1% of Virgin Mobile, which operates its cellphone service over Sprint's network.
BUSINESS
September 26, 2007 | From Times Wire Services
Wireless phone venture Virgin Mobile USA Inc. boosted its planned initial public offering to as much as $538 million, the second increase since the sale was announced in May. The total assumes an offering price of as much as $17 a share, Virgin Mobile said Tuesday in a regulatory filing. The company plans to sell as many as 31.6 million shares. In July, Virgin Mobile said it would raise as much as $506 million, five times as much as initially proposed.
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