It’s always weird that a business can lose money during a year but still call it a success. Such is the case with MVNO Helio, which saw $327million go down the tubes in 2007. The thing is, that was less than Helio had forecast, as it stated losses in 2007 should be $340-$360 million.
The other good news is that it beat its own estimates in revenue, expecting $140-$170 million, but actually ending up with $171 million. It’s not much, but its the kind of things that point to a healthy growth.
Couple with the recent restructuring and attractive rate plans and value-added services, Helio’s well ahead of its own roadmap for growth. 2008 is looking like it will be good for the MVNO, and 2009 is going to be the make or break point, as that’s the year Helio has likely picked as its time to make a profit.
Helio: $560 Million In The Hole [Alley Insider]