Helio dying a slow death
We'll be honest with you -- it's a bit disheartening to watch the
(seemingly) inevitable happen to Helio. After all, it's managed to
soldier on despite hordes of other MVNOs hanging it up here in the US
of A. Nevertheless, data gleaned from EarthLink's most recent annual
report shed some light on its deteriorating situation. Reportedly,
Helio's net loss "widened by 41.3-percent to $326.6 million in 2007
compared to $191.8 million in 2006," yet revenues managed to grow
267-percent to $171 million from $46.6 million the year prior and
subscriber growth rose 28-percent over last quarter to 180,000. Add
those figures to the $42 or so million it lost in 2005, and we're up to
a grand total just south of 560 million American dollars. Tough times,
indeed.
[Via Silicon Alley Insider]
Helio continues to bleed money, now $560 million in the red - Engadget