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Helio
Virgin Mobile bails out Helio

By Nicholas Carlson, 1:00 PM on Fri Jun 27 2008, 466 views (Edit, to draft, Top, Slurp)

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Virgin Mobile will acquire failed mobile virtual network operator Helio for $39 million in equity and, if the last two years are a trend, much more in costs. Founded as a joint venture between Earthlink and SK Telecom, Helio burned through $560 million in its first two years. [PaidContent]

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Earthlink

Philadelphia's Wi-Fi network saved, for now, but the time for citywide wireless has past
After EarthLink abandoned a citywide Wi-Fi project for Philadelphia after only 6,000 customers signed up for the $20/mo. service. Now local investors Derek Pew of Boathouse Communications and Mark Rupp, a former Verizon executive, are planning to take over the network, which will be free and... More »

Read More: Helio, Earthlink, SK Telecom, Virgin Mobile, Valleywag

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