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Virgin: Virgin Mobile Usa
built 287 days ago
"At Virgin Mobile USA, we are continually working to enhance our award-winning customer service processes," said James Gamm, vice president of Information Technology for Virgin Mobile USA. "With Telespree, we focused on the device programming process, eliminating manual entry and any associated errors, creating an even simpler and more convenient consumer experience. Virgin Mobile USA customers can purchase a cool, new phone and get it programmed quickly, allowing them to begin using service immediately after activation without any hassles."
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Virgin Mobile USA issues Q4 guidance Co sees Q4 net customer adds of approx 210k with churn of 5.1%. Co sees Y07 adjusted EBITDA of $95-100 mln, with a net loss of ($6)-($3) mln. Briefing.com
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Virgin Mobile USA has filed for an initial public offering, valued at as much as $467.5 million. The IPO will float 42.8 percent of the youth-focused MVNO, making available 27.5 million Class A
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Sugar Mama was designed to benefit its customers as well as brands that want to engage with Virgin Mobile's 14-34 audience. Customers opt in to Sugar Mama to receive mobile and Web-based advertising content. As Sugar Mama participants, they are invited to view a variety of creative materials and answer a few questions, providing valuable feedback to the brands. For spending approximately 45 seconds of time, roughly the length of one ad, Sugar Mama participants are rewarded with one free minute of Virgin Mobile USA airtime. Customers have two additional ways to connect with Sugar Mama - by completing surveys online and by responding to branded text messages.
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"Our results reflect the fundamental strengths of our business model," said Daniel H. Schulman, Chief Executive Officer, Virgin Mobile USA. "Demand for our service is strong, as evidenced by the high growth in our customer base, and our focus enables us to maintain the lowest customer acquisition costs in the wireless industry, and industry-leading churn of 4.9% for the third quarter. With capital expenditures at just 2% of net service revenues, Adjusted EBITDA less capex grew to approximately $71 million in the first nine months. This high cash generation is the hallmark of a mobile virtual network company at scale."
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The RE*Generation Gallery, a pro-social initiative created by Virgin Mobile USA to focus on the issue of homeless youth, will debut a series of new pieces by noteworthy and emerging artists. These works will then be available for viewing and bidding at an online auction that launches August 6.
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