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The Warren, N. The company, a joint venture between Sprint Nextel Corp. S,

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We've had our doubts about the MVNO business model for a while. No matter how we slice it, rebranding leased coverage and reselling wireless airtime seems like a money pit. Although Virgin's results were on the lower end of its expectations, its success comes at a crucial time for MVNO carriers.

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The company and its underwriters sold Virgin Mobile was launched in as a joint venture between Sprint Nextel, one of the largest wireless operators in the United States, and Virgin Mobile Group, a global conglomerate headed by U. Warren, N.

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United States. The MVNO says it intends to use all the net proceeds from the IPO and some borrowings under new credit facilities to repay existing debt and pay an undisclosed amount to Sprint Nextel. Neither the number of shares to be offered in the IPOor an estimated price range, were disclosed in the filing.

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Americans are riding passenger trains more often than they used to. According to data compiled by the U. This stands to reason -- trains can be a solid kick-up-your-heels-and-ride alternative to cars and airplanes for both short and long trips.

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Virgin Mobile USA has around two million customers, many of them youths attracted by the pay-as-you-go approach and Virgin brand, and operates as a joint venture with Sprint, using that national network. While Virgin did suffer one setback in Asia, withdrawing from Singapore in shortly after its US launch, it is now thought to be eyeing the massive Chinese market. Virgin Group is not commenting on reports. Teradata teams up with SAS.

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Americans are riding passenger trains more often than they used to. According to data compiled by the U. This stands to reason -- trains can be a solid kick-up-your-heels-and-ride alternative to cars and airplanes for both short and long trips.

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Also this week, Alltel Corp. For several months, the wireless industry has been in a constant state of turmoil. West's wireless division, said there are pluses and minuses in the mergers and consolidations for both the wireless providers and for their subscribers. On the plus side, he said, properly executed mergers can result in spectrum advantages.

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