Friday, November 9, 2007

Helio, not down for the count yet

Six weeks back the MVNO Helio, makers of the Ocean and Fin announced they were "restructuring". Although they said it was not a result of slow growth, in the MVNO world it can never be good news. Both of it's parents SK Telecom and Earthlink had said they would inject $100 million for development and marketing. Now it seems that Earthlink is jumping ship leaving SK Telecom to monitor the situation. SKT must see something in Helio cause Earthink's share was not cheap, $70 million on top of the $100 million. We are cheering for you Helio.


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