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SK Telecom swings control their way, takes management control of Helio

By: , IntoMobile
Friday, November 9th, 2007 at 3:19 PM

SK Telecom takes controlling stake of Helio over EarthlinkIt looks like that little wireless venture between Earthlink and SK Telecom has finally hit a crossroads. Helio has been thus far managed on two fronts – with investors Earthlink and SK Telecom getting equal say in Helio’s future. Well, it seems that Dusan’s mention of Earthlink taking a lesser role in Helio was pretty much on point. SK Telecom was set to pump more (much needed) cash into the hemorrhaging carrier, and today it was announced that SK Telecom will be investing another $70 million into Helio – effectively giving them a controlling stake in the company and the right to direct the company’s development.

We’ll have to wait and see how Helio fares in the long run. With SK Telecom at the helm, we’re hoping to see some of those uber-cool Korean handset start to hit US shores.

[Via: Reuters]

About The Author

Will Park

Will hails from The City of Angels - Los Angeles, California. He spends his time playing with his numerous gadgets and looking forward to seeing what future holds for mobile technology. An avid promoter of a fully "digital" life, he promotes the widespread adoption of truly mobile, paper-less living. He dreams of the day when he can go completely digital. No more snail mail, paper receipts, bound books, notepads/spiral notebooks, credit cards, hard currency. He's a digital warrior - fighting for the converged life. He is an idealist and a realist - he has a perfect view of what the world should be but knows that the world is not perfect. Can we ever hope to see Will's dream become reality? We'll see...