EarthLink, Inc. today confirmed the announcement by SK Telecom that the South Korean company will invest up to $270 million in Helio, their wireless voice and data services joint venture (http://www.helio.com ).
Helio continues to carve out a unique space in the wireless market. ... Built for consumers who have mobile at the center of their lives, Helio continues to post growth and usage metrics of its core services far above industry averages in most areas.
EarthLink and SK Telecom are currently in discussions to amend their existing agreements to reflect the additional investment by SK Telecom and their future governance of Helio. The amendments are not yet completed and further details will not be released until the agreements are finalized.