Helio Continues to Bleed Cash
Helio, one of the few remaining MVNOs (Mobile Virtual Network Operator) and the only one that’s focused heavily on mobile media, just reported a $92 million loss for Q3 2007, on revenue of just $51.7 million, according to today’s Online Media Daily.
A joint venture of EarthLink and South Korean wireless operator SK Telecom, Helio so far has failed to build a significant subscriber base, despite heavy marketing for the upscale mobile phone aimed at young hipsters, the report said.
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