Virgin Mobile USA is set to acquire a U.S. mobile arm of South Korea's SK Telecom Co as both sides agreed to combine their struggling businesses, the Financial Times reported on Wednesday.
A deal was agreed in principle and an announcement could be made as early as this week, a person with knowledge of the matter was quoted as saying. SK Telecom declined to comment.
SK Telecom, South Korea's top mobile operator, said in May it was in preliminary talks with Virgin Mobile about strategic opportunities for its Helio U.S. arm.
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http://uk.reuters.com/article/rbssTechMediaTelecomNews/idUKSEO21478820080625?pageNumber=1&virtualBrandChannel=0
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