Virgin Mobile Profits

Wireless carrier Virgin Mobile USA Inc, which has agreed to be acquired by Sprint Nextel Corp, reported a higher quarterly profit that beat market estimates as it continued to benefit from the growth of its profitable hybrid customer base.

Hybrid gross additions grew to 63 percent of total gross additions in the second quarter, from 55 percent in the first quarter, resulting in a 20 percent year-over-year growth in total hybrid gross customer additions in the first half of 2009, the company said.

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Source: http://www.notepage.net/blog.htm#982

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