A Helio store in the pricey Cherry Creek shopping district of Denver, CO has a closed sign up today. This appears to be validation that the MVNO is closing its stores as reported by FierceWireless Monday.
As we reported earlier this week, the MVNO space continues to be plagued by problems. Gizmodo reported that embattled MVNO Helio is on life support after merger negotiations between parent firm SK Telecom and Virgin Mobile USA stalled. According to reports, Virgin's interest hinges on either a bankruptcy declaration or massive liquidation. In the meantime, Helio is planning to begin closing its retail locations and kiosks. Even if an official merger fails, reports suggest that remaining Helio subscribers will be migrated to the Virgin Mobile network.
Click here to see our photos of the Helio store closed and the signs on the doors...
Related story: Helio troubles continue