Earthlink s financial woes have been due in large part to their MVNO, Helio. Despite the fact that Helio is gaining subscribers, the venture is expected to lose approximately $350 million this year. EarthLink is finally waking up and realizing that maybe the solution isn t to fire employees but rather to cut itself loose from Helio. EarthLink hasn t said that it s backing off of Helio completely but they are going to be re-working their agreement with joint venture partner SK Telecom to make the other company the majority shareholder in the venture.
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