Interesting move by Helio, the new MVNO which is a joint venture between Earthlink and SK Telecom. It has sold one percent stake to an outside investor, according to a buried detail in Earthlink’s 10-Q, filed last week.
SK and Earthlink’s stake now stands at 49.5 percent each, but their respective voting interest remains at 50 percent. The name of the one percent investor was not disclosed, but we’ll find out and let you know.
If this is an indication of SK/Earthlink’s willingness, I would not be surprised to see other investors in Helio down the line…
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