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Amp'd Files For Bankruptcy!

Discussion in 'amp'd mobile' started by jdeg, Jun 3, 2007.

  1. jdeg

    jdeg Administrator Staff Member

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    With almost 200k subscribers, it looks like amp'd 'couldn't keep up with the growth'. A wah? According to a report on mocoNews.net (mocoNews.net - Unhealthily Obsessed with Mobile Content - Amp’d Bankruptcy Filing: Verizon Wireless Largest Creditor With $33 Million) Amp'd owes 33 million to verizon, 16 mil to motorola, 10 mil to vivendi, 8 million to Best Buy, and 1.8 mil to MTV; totaling 100 million. Total assets total less than 100 million.

    Here is the official statement from Amp'd:
     



    › See More: Amp'd Files For Bankruptcy!
  2. dzuchowski

    dzuchowski New Member

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    Oh joy just signed up on Tuesday June 5 2007, hope Verizon takes them over, since i dont want a contract and they offer more minutes then Verizons easy pay no contract. Ampd has 3000 minutes and Verizon only 700 minutes.
     
  3. pierre15208

    pierre15208 New Member

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    Didn't exactly help that they were signing up teens and college kids to post-paid accounts. There's a reason why MVNO's catered to young people like Virgin and Boost are primarily prepaid. I don't see Verizon buying them out, they'd never offer prepaid high speed mobile data.
     

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