More Details on the Amp'd Mobile Blowout
BusinessWeek shed some light on the Amp’d Mobile chapter 11 filing. It seems that while they had about 175,000 subscribers, about 80,000 of them – or almost half – were delinquent in paying their bills.
That would certainly do it. Plus, Verizon Wireless had just given them 10 days to pay a $4.5 million bill, or they were going to shut down their service.
To clarify, the way Amp’d Mobile worked is that it licensed bandwidth from Verizon.
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