SK Telecom invests additional $270 million in Helio while Earthlink is pulling back
By Dusan Belic on Saturday, September 22nd, 2007 at 6:01 AM PST In Announcements, Helio
I’m not sure should we classify this as a good or a bad news, but with Earthlink announcing a step back from its investment in Helio, SK Telecom (NYSE: SKM) will most likely end up owning a majority of the MVNO. So far, Helio haven’t actually released any special handset. Yeah, there’s the Ocean and the Fin, but these two are nowhere close to those uber-cool handsets we see in Korea and Japan. Hopefully SK Telecom’s new role may push this. After all, if they’ve just added $270 million on top of their existing investment, they might also bring some new handsets which could attract new subscribers.
Speaking of subscriber, Helio ended August with 130,000 subscribers, and expects to end the year with anywhere from 200,000 to 250,000 subscribers and revenue of $140 - $170 million. On the other hand, it is also expected that Helio will report loss between $340 and $360 million this year. Let’s wait and see where this goes…
[Via: TechCrunch]
