Thursday, July 19, 2007

Amp'd Mobile Suspends Operations

Amp'd Mobile, an MVNO that uses that Verizon Wireless network, is suspending U.S. operations as of 23-July-2007. Amp'd, which targets the youth market, said it is currently in discussions with other carriers, but that customers should port their numbers to other service providers. Early termination fees no longer apply.

Past investors in Amp'd Mobile include Tudor Investments, Intel Capital, Rho Ventures, Quilvest Ventures, Polygon Investment Partners, Heights Capital Management, QUALCOMM, MTV, Universal Music Group, Highland Capital Partners, Columbia Capital and Redpoint Ventures.

  • In June 2007, Amp'd Mobile filed for protection under Chapter 11 bankruptcy seeking to restructure the business.

See also