Add another company to the list burned by Amp’d Mobile, the bankrupt “virtual” mobile phone carrier that went out of business this week. Canadian mobile phone carrier Telus, which sold Amp’d service north of the border, said its venture investment and business with Amp’d dented its second-quarter earnings by 4 […]
New York’s Amol Sarva has already shaken up the wireless industry once — now he’s looking to do it again with a new venture, Txtbl. Sarva helped found and build Virgin Mobile, which in five years has grown to about 5 million subscribers nationwide.
“Virtual” wireless carrier Helio, which resells access to Sprint Nextel’s network, is still burning cash at an alarming rate. EarthLink, which co-owns the wireless company along with Korea’s SK Telecom, said today that Helio lost $84 million last quarter on $33 million of revenue. New EarthLink CEO Rolla Huff is […]
Customers of bankrupt “virtual” mobile carrier Amp’d Mobile scored another week to find a new wireless provider. Amp’d has updated its Web site and now says service may shut down July 31 — not today, as it had previously posted (via MocoNews). Also of note, ousted Amp’d founder Peter Adderton […]
Brooklyn native Charlie O’Donnell, former director of consumer products for Oddcast, founder of the NextNY Digital group, and recent Alley returnee, toyed with his new Helio Ocean for a month out west — and he digs it. So do we. Alas, the vital signs of the phone’s maker, Helio, aren’t […]
Bankrupt “virtual” wireless carrier Amp’d Mobile, which resells service on Basking Ridge, N.J.-based Verizon Wireless’ network, may shut down tomorrow according to a new posting on their Web site (via MocoNews). As I noted last month at Forbes.com, Amp’d Mobile’s failure could be bad news for Warren, N.J.-based Virgin Mobile […]
[credit provider=”Business Insider Illustration”] After just a month and a half on the market — 49 days, to be exact — HP is giving up the TouchPad and its mobile OS, WebOS.The tablet was no iPad killer, selling just 25,000 units for Best Buy over the 49 days it was […]
The most impressive thing about Microsoft’s failed Kin mobile phone project is how quickly Microsoft canceled it once the company had figured out it was a bomb.After announcing the Kin 1 and Kin 2 social networking phones on April 12, Microsoft confirmed it was killing the Kin on June 30, […]
The brutal reality in the age of a $200 Apple (AAPL) iPhone: Inferior gadgets won’t be able to sell for nearly as much as they used to.
Helio, the “virtual” wireless carrier purchased by Virgin Mobile USA (VM) last year, plans to start selling the second edition of its flagship “Ocean” mobile phone sometime this quarter, a company rep tells us. The phone could go on sale as soon as next month.
We won’t know for a while if this was a steal or a ripoff, but Virgin Mobile USA has made it official: As expected, it’s buying rival “virtual” mobile carrier Helio for $39 million in equity; it has also agreed to sink at least $50 milllion more into the venture.
Virgin Mobile USA will bail out rival “virtual” carrier Helio after all, the FT reports: The companies have agreed to a deal in principle and could announce it as early as this week.
Despite a handful of high-profile flops, money keeps flowing in to “virtual” mobile carriers: GreatCall, which runs the Jitterbug mobile phones-for-seniors service, has raised a $38 million Series C round led by Court Square Ventures. Existing investors Steelpoint Capital, Charles River Ventures, Nauta Capital, and company founders Marty Cooper and […]
“Virtual” wireless carrier Helio could be on its last legs. We hear that it’s finally closing its barren retail stores this week, confirming a few earlier reports. And even if a last-ditch sale to rival Virgin Mobile (VM) happens, we doubt Helio has much left to offer the mobile industry.
Virgin Mobile USA (VM) confirms last week’s report that the “virtual” mobile carrier was considering a tie-up with Korean wireless giant SK Telecom (SKM). Statement:
“Virtual” mobile carriers Virgin Mobile USA and Helio each have something the other doesn’t: Helio has cool phones and high-end subscribers happy to pay $85 a month on mobile phone service, and Virgin Mobile has a real business, where it has more than 5 million subscribers and makes a profit.