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Bankrupt Amp’d Seeking Funds From CEO Adderton And Others To Repay Creditors

Feb 8, 2008 2:29 PM

Yes, the Amp’d story refuses to die: Amp’d Mobile is trying to raise cash, even from its former CEO Peter Adderton, to repay some of its creditors by auctioning off intellectual property, according to The Deal. The article said Amp’d is seeking funds from at least 20 parties, ranging from…

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Posted In: Technologies / Formats, Broadband, WiMax, Companies, Amp'd

Industry Moves
Industry Moves: Bill Stone Joins Handango As CEO

Nov 28, 2007 12:05 PM

Bill Stone, till recently the president of the shuttered MVNO service Amp’d, has joined mobile software and content retailer Handango as the new CEO. Founder Randy Eisenman will remain “actively engaged with the company and board in areas including corporate strategy, strategic partners and acquisitions,” the company said. Handango was…

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Posted In: Industry Moves, Companies, Amp'd, handango

MoComment: Google Should Follow Apple, Not Disney

Oct 3, 2007 1:05 AM

What is Google (NSDQ: GOOG) thinking? I’m not being facetious, I really want to know… The company has a lot of mobile services available, and there are quite a few indications that it’s working on its own handset. Add to that its expressed interest in bidding for spectrum in the…

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Posted In: Features, Companies, Amp'd, Apple, Disney, Disney Mobile, Google

Industry Moves
Exclusive
Amp’d Content Team And Former CEO Close To Joining Wi-Max/Wireless ISP Clearwire

Aug 10, 2007 12:18 AM

Former Amp’d Mobile founder and CEO Peter Adderton and most of the execs on its content (Amp’d Live) team are close to joining Wi-Max broadband wireless ISP Clearwire (Nasdaq:CLWR), MocoNews.net has learned. The team moving to Clearwire includes Seth Cummings, former SVP of content at Amp’d and currently exec producer…

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Posted In: Industry Moves, Exclusive, Companies, Amp'd, Clearwire

Telus Writeoff For Amp’d Mobile Canada: $18 Million

Aug 3, 2007 8:06 PM

We mentioned yesterday about MTV Networks’ writeoff for its investment in bankrupt Amp’d Mobile ($36 million). Telus, the Canadian teclo which invested in Amp’d and opened up Amp’d Canada, also did a writeoff of about $18 million on the investment. And the service there closed down too, of course. Telus…

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Posted In: Companies, Amp'd

Amp’d Mobile’s Customer Buyout Approved By Judges; Amp’d Gets 25 Percent Stake In Prexar

Aug 2, 2007 9:49 PM

Some more developments in Amp’d Mobile’s bankruptcy auction: the Delaware judge has approved United Systems Access (serving under PrexarMobile brand name) purchase of the MVNO’s customers. The deal calls for United Systems to pay a combination of cash and stock in return for access to Amp’d Mobile’s remaining customers, reports…

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Posted In: Companies, Amp'd

MTV Networks’ Writeoff On Its Investment In Amp’d: $36 Million

Aug 2, 2007 4:49 PM

That came out today in MTV’s parent Viacom’s (NYSE: VIA) 10-Q filing for its Q2 earnings: “In the second quarter, the Company recorded a pre-tax impairment charge of $36.0 million to write off its investment in Amp’d Mobile, which filed for bankruptcy. The impairment charge is included in Other items,…

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Posted In: Companies, Amp'd, Viacom

Amp’d Canada Dead Too

Aug 2, 2007 2:56 AM

Not that this was a surprise: Amp’d Canada, the JV with Telus, is alo dead, four month after it launched there.Telus, which handled distribution, customer care and billing for the upstart, pulled the plug July 31. It stopped selling Amp’d Mobile Canada’s products in its own stores and through other…

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Posted In: Companies, Amp'd

Exclusive
Audio Interview: Peter Adderton, Former CEO, Amp’d Mobile

Jul 31, 2007 1:23 AM

A wide ranging interview with Peter Adderton, the former founder and CEO of Amp’d Mobile, whose bankruptcy auction proceedings will start tomorrow morning in court. I spoke to him earlier this evening on phone..below are the choice quotes and you can also download the audio from the link below: —Our…

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Posted In: Exclusive, Companies, Amp'd

Amp’d Mobile Customers Being Courted By Prexar Mobile; Prexar Buys Customer Assets

Jul 30, 2007 10:00 PM

Updated Below: I just got a strange text on my Amp’d phone, which as we know will be turned off midnight tomorrow: “Keep your Ampd phone and get 100 free TXT by switching to Prexar Mobile. For info, go to www.prexarmobile.com”. This probably means Amp’d has done some sort of…

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Posted In: Companies, Amp'd

Amp’d Users Get Another Week

Jul 24, 2007 1:36 AM

So it seems, after a revised FAQ on the Amp’d website tonight. LAT is also reporting the same. So July 31 it is then.

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Posted In: Companies, Amp'd

Amp’d Mobile: Live Free And Die Hard

Jul 22, 2007 11:42 AM

The teaser campaign TV ads for Amp’d Mobile (done in last 2005 before they launched last year) will go down in history as the most ironically prescient ads of all times: and

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Posted In: Companies, Amp'd

Amp’d Turning Off Service Tuesday

Jul 21, 2007 6:11 PM

Details are up here now on the Amp’d website and the customers are being told about it later today, through text messages. The service will go off on Tuesday at midnight, July 24. The early termination fee does not apply to all the cutomers who will have to decide which…

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Posted In: Companies, Amp'd

Amp’d Mobile Decides To Sell Off Assets

Jul 20, 2007 7:04 PM

As I mentioned earlier today, things are a lot bleaker for Amp’d with no debtor-in-possession financing in place. The company has filed with the bankruptcy court, and has finally decided to sell its assets. Amp’d said in the court filing that it has continued to look for buyers, but has…

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Posted In: Companies, Amp'd

Will Amp’d Close Down Its Service Monday?

Jul 20, 2007 1:56 PM

Unless there are other last minute shenanigans and getting debtor-in-possession financing, one might expect Amp’d Mobile to close its service by Monday…that’s just my hunch, and not based on reporting, for once. What else can you do with only $9,000 in cash by coming Monday? I know the company’s also…

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Posted In: Companies, Amp'd

Amp’d Drama Continues: Verizon Wants Out, For Real

Jul 18, 2007 7:52 PM

The drama continues in the bankruptcy court, as Verizon Wireless, frustrated by the failure of Amp’d to line up a bankruptcy loan, wants to disconnect the startup once and for all, according to a new brief filed in the court, picked up by AP. Despite the Delaware bankruptcy judge saying…

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Posted In: Companies, Amp'd, Verizon

Amp’d Mobile’s Settlement With Verizon Wireless Approved

Jul 4, 2007 12:35 AM

Some more reprieve for Amp’d, though judging by the comments on our posts here and here, there are some angry customers: anyway, the Delaware bankruptcy judge said Amp’d can pay $2.5 million to VZW under a deal that will allow the start-up to continue using Verizon’s cellular network while it…

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Posted In: Companies, Amp'd, Verizon

Amp’d Signs Deal With Verizon For Network Usage

Jun 23, 2007 4:03 AM

Amp’d has signed a deal with with Verizon that will see the MVNO continue to use the carrier’s network, in exchange for Amp’d dropping its lawsuit to prevent Verizon kicking it off the network. This gives Amp’d the ability to continue to offer services as it works through its financial…

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Posted In: Money, Companies, Amp'd

Amp’d Mobile Gets A Week’s Lifeline; Can Take Money; Sues Verizon

Jun 20, 2007 5:01 PM

Some more interim developments in the Amp’d Mobile Chapter 11 bankruptcy court proceedings: the judge had extended its lifeline for another week, allowing the mobile phone network to tap $7.5 million in cash belonging to lender Verizon Wireless…the judge signed off on Amp’d request to use Verizon’s cash collateral until…

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Posted In: Companies, Amp'd, Verizon

Peter Adderton Offically Out Of Amp’d Mobile

Jun 12, 2007 1:56 PM

We’ve confirmed through sources: Peter Adderton, the embattled CEO of the now-in-Chapter-11 MVNO Amp’d Mobile, has left the firm as CEO. He is still on the board and is still the largest individual shareholder. The company is going through Chapter 11 bankruptcy and the management overhaul is to be expected.…

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Posted In: Companies, Amp'd

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