It is being reported (everywhere) that EarthLink is backing away from investing any more into Helio, which is expected to lose $350M this year. Helio has about 130,000 subs now. But is burning through cash. Even though Sky Dayton runs Helio, ELN just can't afford to put any more money in. SK Telecom (South Korea) will put in about $270M and take a majority ownership stake in the venture. (Right now it is 50-50 with ELN).