Engadget is reporting that Helio retail managers have received a memo, saying the company's store and kiosk locations will be closing. The rumored merger
between Helio and Virgin seems to be at an impasse, and it now appears it will be a takeover by Virgin. It looks like Helio will be the last carrier of the MVNO boom to go under (R.I.P. ESPN, Amp'd, et al.). There is no word on what will become of the company's impressive handset lineup, including phones such as the Ocean 2
, but we hope Virgin picks up where Helio will (allegedly) leave off. Of course, neither company, nor SK Telecom, have commented on this so we'll have to see how it plays out officially.
source: Engadget Mobile