MVNO Helio’s Q3 sales rise, but losses up too

26 Oct 2007

Helio, the mobile virtual network operator (MVNO) formed by US operator EarthLink and SK Telecom of Korea, has released some financial data for the fiscal quarter ending 30 September. Helio reported turnover of USD51.7 million in the three months under review, up 56% from Q2, when it generated USD33.2 million. However, the MVNO’s losses are also increasing: Helio lost USD92.3 million in Q3, up 10% from its Q2 loss of USD83.8 million. The company has published only scant information on its current state of health, and declined to provide up-to-date statistics on subscriber numbers, churn or ARPU. It is known that it ended June with around 100,000 subscribers, had 130,000 in August and plans to end the year with between 200,000 and 250,000.

United States