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SK Telecom has invested $70 million into Helio. This past July both SK Telecom and Earthlink had pledged to invest “up to $100 million each to help their loss-making mobile joint venture.” In September SK Telecom also agreed to pledge up to an additional $200 million to expand Helio’s customer base.
In total Earthlink has agreed to pledge up to $100 million and SK Telecom has agreed to pledge up to $300 million, however at this point SK is the first and only to give up the money. With a sizable amount of money waiting for Helio, it should be interesting to see what they can do with it.
Read [PhoneScoop]
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