EarthLink on Thursday shed some light on how well Helio—one of the last remaining MVNOs in the U.S.—is doing, and it doesn’t look too bright. EarthLink reported that in 2007 Helio’s revenues were up significantly, but losses were also widening as the amount of cash it has on hand is dwindling.
Some results taken from EarthLink’s annual report filed with the SEC (the full Helio annual report is embedded below, and can be downloaded as PDF here
More information about 10-K Watch: Helio Racks Up Major Losses in 2007, EarthLink Reports; Lower Helio Subscriber Numbers
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