Rumor Circulates that Amp’d Mobile CEO Has Left
5/29/07 – Los Angeles-based mobile content and service provider Amp’d Mobile is no stranger to media speculation about its business, and now several high profile blogs are writing that the company’s founder and CEO, Peter Adderton, may have left the company. Amp’d has not yet commented about the rumor.
The company, along with Westwood-based Helio, operates in the highly-competitive mobile virtual network operator (MVNO) market. Amp’d has raised a ton of cash, through five rounds of funding. The company has also had a big year in terms of expansion and partnerships, announcing that it is approaching the 200,000 subscriber mark, expanded internationally into the Japanese and Canadian markets and signed multiple content deals with major players in entertainment—including MTV, actor Jack Black and producer Howard Gordon.
Although there has been much debate about the viability of MVNOs like Amp’d, perhaps the company’s best argument for its future growth is the strong average revenue per user the company reports—more than $100 per user, according to the company’s latest announcement. Industry experts say this is nearly twice the average for mobile providers.
The company also has built a strong executive team, in addition to Adderton, that includes former senior executives at Verizon Wireless, T-Mobile USA and Boost Mobile.
Amp’d Mobile – www.ampd.com
Comments
Posted by: Mr Blowfeldt | June 3, 2007 08:54 AM