Virgin Mobile USA To Kill Their Postpaid Service On May 25th

According to a series of tips I just received from multiple trusted sources, Virgin Mobile USA is planning to shut down the post-paid chunk of their wireless services on May 25th, 2010.

You see, there once was a little wireless carrier called Helio. Bringing over all kinds of crazy sliding what-nots from South Korea, they tried their damnedest to offer the coolest cell phones on the block. They also bled money like a busted spigot, burning $710 million before they were ready to call it quits. In June of 2008, Virgin Mobile (who then offered solely pre-paid wireless) came along and snatched up Helio for $39 million in stock, primarily to serve as a foundation for their then non-existent postpaid service.

A great plan, until Sprint acquired Virgin Mobile just a year later, primarily for their pre-paid service.

Read the rest at MobileCrunch >>