Could Helio Be Shut Down Next?
We’ve watched with interest, though not exactly surprise, the downfall of specialty cellphone carriers Mobile ESPN and Amp’d Mobile. Helio doesn’t seem to be in any stronger a position than Amp’d was; in fact, it’s bleeding cash like there’s no tomorrow.
MocoNews is reporting that Helio’s parent company, Earthlink, is continuing to infuse cash but is seriously weighted down by Helio’s losses. The small carrier, with just over 100,000 subscribers, is slated to lose between $160 million and $180 million for the calendar year 2007.
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