Monday, July 23, 2007
Amp'd Mobile Shutdown Approaches
Amp'd Mobile, the high-flying, venture-backed MVNO which declared bankruptcy last month after burning through than $375M in venture capital, is set to suspend its operations tomorrow, July 24th. According to Amp'd Mobile's web site, the firm is suspending its operations tomorrow, and will not provide customer service after today. Amp'd was forced into bankruptcy by Verizon, after failing to pay its bills; the company is currently in the midst of trying to find a buyer as it works through bankruptcy proceedings.