Through a disclosed source it has been reported that Helio retail managers have received a memo stating that the company's stores and kiosk locations will be closing. It was previously rumored that Virgin Mobile and Helio was on the verge of merging the companies. But that rumor in simply that, a rumor, the only sure thing in Helio’s future is the threat of a hostile take over. The take over of Helio by Virgin Mobile seems to be simply a matter of time than just a threat, but only time will tell this full story and how is it end for Helio. “No word if the fabled Ocean 2 will make it -- or if Virgin will even let Helio customers keep their phones.”

Source: Engadget