SK Telecom dumps $270M into Helio

By Jonathan S. Geller

Published Sep 21st, 2007 1:32PM EDT

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Once again, SK Telecom has upped their investment in US MVNO carrier, Helio.

“SK Telecom’s investment is a ringing endorsement of Helio’s business strategy and long term growth potential. They’re one of the world’s most successful mobile companies and it recognizes the value of our business.

EarthLink remains an enthusiastic shareholder that will continue to contribute to Helio’s ongoing success. But given this huge investment by SKT, EarthLink and SKT are in discussions to amend their existing agreements to reflect the additional investment by SK Telecom and the future governance of Helio.”

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Jonathan Geller Founder, President & Editor-in-chief

Jonathan S. Geller founded Boy Genius Report, now known as BGR, in 2006. It became the biggest mobile news destination in the world by the end of 2009, and BGR was acquired by leading digital media company PMC in April 2010.

Jonathan is President of BGR Media, LLC., and Editor-in-chief of the BGR website.

What started as a side project at the age of 16, quickly transpired into 24-hour days and nights of sharing exclusive and breaking news about the mobile communications industry. BGR now reaches up to 100 million readers a month through the website, syndication partners, and additional channels.