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SK Telecom, EarthLink dump $200 million on Helio

Darren Murph

As Amp'd scrambles for life and limb and Palm sees its once tight grip on the market slipping away, Helio is being rewarded with a pair of checks worth $100 million apiece. Reportedly, SK Telecom and EarthLink are set to inject a substantial amount of cash into the MVNO, as it has supposedly burned through the initial $440 million initially put forth. Recent financial results from Helio have been less than encouraging, but obviously someone up the ladder thinks it's wise to forge ahead through treacherous waters. Of course, just about anything can survive with enough funding to back it, but unless things get turned around real quick like, Helio isn't likely breathe new life into the oft neglected MVNO universe.

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