Shakeup at Helio

Sky Dayton, who had been CEO of the L.A.-based wireless carrier, is replaced by Wohnee Sull, who had been president and COO. Dayton becomes non-executive chairman. He released a statement saying that "Helio has reached a point in its development where I feel the timing is right for this change." Well, there might be a little more to it. Despite some growth in subscribers, the joint venture of EarthLink and Korea's SK Telecom has been losing tons of money. Helio is one of those mobile virtual network operators, or MVNOs, that leases space from existing wireless networks and focuses on distinctive content (sports, entertainment, whatever). Several MVNOs have flamed out in the last year or two (Santa Monica-based Amp'd Mobile was probably the biggest disaster). It's just a very expensive proposition, especially with increasing competition from the wireless carriers.


More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAX
Socal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
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Previous story: Gas prices down - finally

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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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