Helio Continues to Bleed Cash

Helio, one of the few remaining MVNOs (Mobile Virtual Network Operator) and the only one that’s focused heavily on mobile media, just reported a $92 million loss for Q3 2007, on revenue of just $51.7 million, according to today’s Online Media Daily.

A joint venture of EarthLink and South Korean wireless operator SK Telecom, Helio so far has failed to build a significant subscriber base, despite heavy marketing for the upscale mobile phone aimed at young hipsters, the report said.

Remember that this comes after Earthlink washed its hands of Helio and turned it over to SK Telecom, who will reportedly give Helio a shot in the arm of up to $270 million.

Helio Reports $92M Loss For Q3 [Online Media Daily]

Join Baratunde Thurston (left), The Onion’s Director of Digital and author of How to Be Black, for an entertaining look at creative social media campaigns in our Social Media Marketing Boot Camp starting February 16. Other speakers include Morin Oluwole (Facebook), Tim Devane (bitly), and SocialTimes' writer Devon Glenn.   Register now.