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Press Release: EarthLink Announces Additional Funding to HELIO Joint Venture
EarthLink Announces Additional Funding to HELIO Joint Venture
ATLANTA, July 25 -- EarthLink, Inc. today announced that EarthLink and SK Telecom have entered into a lending arrangement with HELIO, their wireless voice and data services joint venture, whereby each could provide up to $100 million in additional funding to HELIO, subject to future approval of funding requirements. EarthLink and SK Telecom have each approved initial funding of $30 million, to be made on or about July 27, 2007. EarthLink and SK Telecom had each previously announced that HELIO would require additional funding in 2007.
About EarthLink
"EarthLink. We revolve around you." As the nation's next generation Internet service provider, Atlanta-based EarthLink has earned an award-winning reputation for outstanding customer service and its suite of online products and services. EarthLink offers what every user should expect from their Internet experience: high-quality connectivity, minimal online intrusions and customizable features. Whether it's dial-up, high-speed, voice, web hosting, wireless or "EarthLink Extras" like home networking or security, EarthLink connects people to the power and possibilities of the Internet. Learn more about EarthLink by calling (800) EARTHLINK or visiting EarthLink's Web site at http://www.earthlink.net/. EarthLink, Inc.
CONTACT: Media, Dan Greenfield, +1-404-432-6526,
greenfie@corp.earthlink.net, or Investors, Michael Gallentine,
+1-404-748-7153, +1-404-395-5155 mobile, gallentineml@corp.earthlink.net, both
of EarthLink, Inc.
Web site: http://www.earthlink.net/

