Virgin Mobile USA Moves Closer To IPO

By Allen Tsai | Mon Apr 25, 2005 2:25 am

Taking a step closer to an IPO, Virgin Mobile USA has hired investment banks Merrill Lynch and Credit Suisse First Boston (CSFB) to value a flotation of the company.

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A joint venture between U.S. cell phone carrier Sprint Corp. and Virgin Mobile Holdings, the company run by British entrepreneur Richard Branson, press reports have valued a flotation of around $2 billion.

Virgin Mobile declined to comment while officials at Merrill Lynch and Credit Suisse First Boston could not be reached for comment.

Posted In: IPO (16) | Virgin Mobile (12)

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ITTO: Grammys Pull in Audiences with Apps, Mobile Campaign

By Margaret Rock

The 54th Grammy Awards is just days away, and the show will harness mobile and social media technology as old media tries to keep pace with new trends among its viewing audience.