Virgin Mobile USA is considering an initial public offering worth up to $2 billion, according to a report in the Financial Times.
A Virgin Mobile USA spokesperson was not immediately available to comment on the report.
The report cited unnamed sources pointing to an IPO in the second half of next year, contingent on market conditions. Virgin Mobile’s U.K. business recently conducted an IPO.
Virgin launched its services in the United States two years ago using Sprint’s CDMA network. The carrier manages the marketing, handset and billing aspect of the service, and to date has scored more than 2 million customers. The service is aimed at the youth market-which analysts consider a largely untapped gold mine in wireless.<
