Amp’d mobile is finally dead, selling assets
By Stefan Constantinescu on Saturday, July 21st, 2007 at 3:55 AM PST In General
The only successful MVNO in America is Helio and I’m honestly proud to have worked there. Sure they sell Samsung and Pantech based devices, but they also sell you the experience. I was always offered a free device, I never took one. Give up my (at the time) E61? Never!
Amp’d failed because they didn’t differentiate themselves. They had lots of ads, but why would I as a consumer go with them and not someone else?
Next Monday they will begin selling off their assets and they only have $9,000 in their checking account to call their own.
[Via: Mobile Burn]
Helio is far from successful. They just got another $100 million from their parent company. Meaning they have burned through $550 million. If Amp’d had that much money they would be sitting right next to Helio, as two SHITTY MVNOs. If any company is successful and I say successful loosely, it’s Virgin.
The grim reaper will kill any MVNO that refuses to get their customers to pay. Mwu-ha-ha-ha. The grim reaper is curious to see if these venture capitalist will stay in the telecom arena. Mwu-ha-ha-ha. The grim reaper is curious if independents and big boxes will trust anothr MVNO roll-out. Mwu-ha?