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Amp'd Files For Bankruptcy Protection

Jun 2, 2007, 9:19 PM by (staff)

Amp'd Mobile filed for Chapter 11 bankruptcy late on Friday. The company owes over $100 million dollars to a variety of creditors, including $33 million to network provider Verizon and $16 million to hardware provider Motorola. The virtual carrier has taken five rounds of funding from the like of MTV, Qualcomm and a number of investors. Chapter 11 allows a company to reorganize its debt, and does not indicate that Amp'd is going out of business, though in some cases Chapter 11 is a precursor to this. President Bill Stone says the company has been growing too fast, and that the MVNO will emerge from Chapter 11 stronger.

more info at Wall Street Journal »
more info at Moco News »

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Subject	Author	Date
growing too fast...?	Shaggy145J	Jun 2, 2007, 11:37 PM
Re: growing too fast...? by temp_name Jun 2, 2007, 11:58 PM Re: growing too fast...? by renardlee Jun 3, 2007, 12:26 AM Re: growing too fast...? by phonenvy Jun 3, 2007, 10:35 AM Re: growing too fast...? by Shaggy145J Jun 3, 2007, 5:06 PM Re: growing too fast...? by nextel18 Jun 3, 2007, 5:57 PM Re: growing too fast...? by muchdrama Jun 5, 2007, 9:18 PM Re: growing too fast...? by chocolateman85006 Jun 6, 2007, 8:59 AM Re: growing too fast...? by middlekid3058 Jun 4, 2007, 5:48 AM Re: growing too fast...? by chocolateman85006 Jun 5, 2007, 9:01 AM Re: growing too fast...? by yellowm3 Jun 10, 2007, 10:57 AM Re: growing too fast...? by chocolateman85006 Jun 11, 2007, 8:12 AM
My prayer for Amp'd Mobile	RaunchyFarts	Jun 10, 2007, 1:09 PM
Damn!	chocolateman85006	Jun 5, 2007, 8:09 AM
Re: Damn! by frankiewawa Jun 5, 2007, 8:18 AM Re: Damn! by chocolateman85006 Jun 5, 2007, 8:29 AM
"will this affect customers?"	roberto92989	Jun 3, 2007, 2:11 PM
Re: "will this affect customers?" by phonenvy Jun 3, 2007, 3:40 PM Re: "will this affect customers?" by katrina Jun 3, 2007, 4:16 PM Re: "will this affect customers?" by thickjake Jun 3, 2007, 11:53 PM Re: "will this affect customers?" by katrina Jun 4, 2007, 11:56 AM (more replies...)
Good	softtouchmoto	Jun 3, 2007, 10:31 PM
Wow	ehrenboi	Jun 2, 2007, 10:16 PM
Re: Wow by ralph_on_me Jun 2, 2007, 10:38 PM Re: Wow by evrodude Jun 3, 2007, 4:19 PM
Ampd- Try Not To Die	Yankees368	Jun 3, 2007, 10:15 AM

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