VK Mobile in financial trouble

One of MVNO Helio's handset vendors is in financial trouble. South Korea's VK Mobile has been unable to obtain any outside financing so its creditors have put the handset and battery maker in a debt workout program. The vendor has distribution deals with both Helio and Vodafone, but has struggled with the ever increasing competitive market and currency fluctuations and hasn't been able to keep a profit from its international sales.

For more about VK Mobile's financial problems:
- read this report from cellular-news.com

Suggested Articles

According to Moore, the success to date of Xfinity Mobile and Spectrum Mobile is no fluke.

Ericsson announced commercial 5G launches with operator partners Chunghwa Telecom, MTN, and Telma.

The FCC and DoJ each released statements on Wednesday marking T-Mobile’s divestiture of Boost Mobile to Dish Network.