SK Telecom effectively taking over Helio |
| Published: November 9, 2007, 2:02 pm |
| Tags: earthlink, helio, sk telecom, sktelecom |
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Filed under: Cellphones We knew Earthlink and SK Telecom were both planning on reinvesting up to $100M each into struggling joint venture Helio back in July, and it looks like all that recent talk about "revised governance" was on point -- the deal will effectively shift management control of Helio away from Earthlink and to SKT for the first time in Helio's history. SKT has already allocated $70M to make the move, and it's also committed an additional $100M to future handset development and marketing. No word on what other changes SKT plans to make, but we'd happy to see Helio score a much-deserved second chance.[Via MobileTech News] Read Permalink Email this CommentsOffice Depot Featured Gadget: Xbox 360 Platinum System Packs the power to bring games to life! [ Full article ] |
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