News
Amp'd files for Chapter 11
Tim Green Jun 4 2007, 6:45pm
Comments (1)
The dream of the content-oriented MVNO is in the balance as Amp'd Mobile files for bankruptcy protection.
The US company said filed for Chapter 11 last week and span the news by claiming it needed to buy time in order to expand its infrastructure quickly enough to meet demand. However, with just over 200,000 subscribers and debts of $100 million (as revealed in court during the Chapter 11 filing), it doesn’t look good.
The news comes just months after the high profile fall of Mobile ESPN, the Disney-owned MVNO that hoped to find a subscriber base among US sports fans by delivering sports-oriented content over the phone.
Amp'd Mobile was formed in December 2005 with a strong emphasis on music, video and entertainment product.
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