Amp'd Mobile Files Chapter 11
Starting a new wireless carrier when you don't even own a network ain't easy ? just ask now-defunct ESPN Mobile, which tried to make a go of the mobile virtual network operator (MVNO) business and failed.
But it looks like wireless startup Amp'd Mobile is having an exceptionally difficult time. Last Friday, the MVNO, which rented out Verizon Wireless's network to provide a service that specialized in delivering wireless content to subscribers, filed for Chapter 11 bankruptcy protection after running out of cash. According to mocoNews.net, which first reported the bankruptcy news, Amp?d owes about $33 million to Verizon, among other debts (its total debt is more than $100 million).
http://blogs.business2.com/thirdscre...obile_fil.html