I'm not sure what it is with my timing but once again a major announcement from work happens during my second month of being back. 5 years ago, it was the merger with Mindspring and now it is the creation of SK-EarthLink.
ATLANTA and SEOUL, January 26, 2005 — EarthLink, Inc. (NASDAQ: ELNK), the nation's next generation Internet service provider, and SK Telecom (NYSE: SKM), Korea's leading mobile communications company, today announced a definitive agreement to form a joint venture to market wireless voice and data services in the U.S.The new entity, to be called SK-EarthLink (www.SK-EarthLink.com) and capitalized with $440 million of partner investments over the next three years, will be a non-facilities-based nationwide mobile virtual network operator ("MVNO"). SK-EarthLink will combine the competitive advantages of its parent companies to deliver, for the first time, an innovative suite of wireless services and applications that meet the information, entertainment and communications needs of U.S. consumers.Posted by Josh at January 26, 2005 10:12 AM | TrackBack