Wireless Federation

Virgin Mobile USA, posts its net earning in Q3′08, where its profits rose, in contrast with the economy crisis, driven by Helio’s acquisition.
“These results clearly demonstrate that we’ve done quite a good job in making the Helio customers immediately profitable,” says CEO Dan Schulman.
“We’re at the beginning of what could be a deep and long recessionary period and so I think it would be quite optimistic to think we’re coming out of this at the end of 2009. I think that has the potential to go on 18 to 24 months, or longer, before we see a rebound,” he said.
According to Schulman the economic crisis had made this prepaid or pay-as-you go wireless service specialist more attractive and its tariffs more lucrative making it earn net profit of $4.1 million in Q3.
Total operating revenue rose to $323.2 million, rising from $319.5 million since last year and the ARPU in the Q3 saw a downfall of 2% from a year earlier to $20.19.

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