Amp’d Mobile raises whopping $107M fifth round of financing
Amp’d Mobile, a Los Angeles based company that operates its own mobile network offering entertainment content to young people, has raised $107 million more in a fifth round of capital, according to a regulatory filing cited by VentureWire (sub required).
Amp’d Mobile is a so-called “mobile virtual network operator,” because it does not license its own spectrum, but resells services using the network of other mobile phone operators. This is a tough market to play in,… Continue Reading