You may have seen plenty of ads for Amp'd Mobile both in print and on the silver screen, but it looks like those ads simply weren't making them enough money. Amp'd Mobile, an MVNO targeting the young and urban, has filed for bankruptcy protection last Friday stating that their "back-end infrastructure was unable to keep up with customer demand." MocoNews.net reports that Amp'd Mobile apparently owes Verizon Wireless (the network they're piggybacking on) around $33 million, with several more million owed to other creditors. Ouch. Business is expected to continue as usual, … Read more
Amp'd Mobile, a mobile virtual network operator, has filed for Chapter 11, saying it couldn't expand its infrastructure quickly enough to meet demand.
But some bloggers have questioned that rationale. Amp'd is one of several MVNOs that have struggled to find a footing in the US market. MVNOs offer cellular service by leasing space on the networks of larger competitors, offering their own billing and marketing. Many of them tout special features that are added on top of the standard mobile service; Amp'd offers streaming audio and video, among other services.
Amp'd has done a … Read more