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Amp’d Mobile Not So Loud Any More

June 20, 2007 in Wireless Industry News

another MVNO (mobile virtual network operator) is going down the drain. Amp’d Mobile filed for Chapter 11 bankruptcy a couple of weeks ago (June 1 to be exact), after being unable to pay Verizon for network capacity. Amp’d doesn’t have an actual network – it basically uses Verizon’s network for its customers and pays Verizon for the usage. Hence the MVNO name.

The story doesn’t end there, however. Verizon wasn’t too happy about Amp’ds lack of payments, so it tried to kick the company off its network – which lead Amp’d to file a lawsuit in an attempt to save itself from the jaws of the second-largest wireless carrier.

And so, in the latest news, Amp’d successfully got a judge to allow the company to run for one more week, using certain assets (called “cash collateral”) of Verizon’s to provide funding – some 7.5 million bucks.

Amp’d mobile cited customers “not paying their bills on time” as the main reason for its current set of woes, bankruptcy, etc. All 200,000 customers. To put that into perspective with other carriers, Verizon currently has 60.7 million customers, while AT&T claims 62.2 million customers.

And we’re not even counting Sprint Nextel and T-mobile.

Let’s just say that Amp’d Mobile has some major problems and leave it at that.

Source: Yahoo AP!

Amp'd Mobile has seen better days.

Amp’d Mobile has seen better days.

***

jessica jarboe
9/13/2007
3:51 pm

i am looking into getting in the class action lawsuit against ampd mobile..
where do i go how do i do it?

samantha
7/25/2007
2:37 pm

hhsbarrelracer@hotmail.com
PLEASE EMAIL ME if you want to file a class action lawsuit. i need your name, address and number. i am taking them to a lawyer and he will help us get a class action lawsuit.

michelle
7/17/2007
10:32 pm

HAHAHA I hate ampd. I have it and it SUCKS. I am so glad its going down the drain. Hardly anyone had this stupid company as their provider anyway. I always knew someone would knock them down. praise the lord!

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