December 17, 2005
Amp'd notes
RED HERRING | The Hip Can Finally Get Amp'd
But it also costs big money to start an MVNO. Analysts estimate that Richard Branson spent $500 million to launch Virgin Mobile. SK Telecom and Earthlink’s Helio has raised $440 million.
Amp’d service cost roughly $300 million to launch, making it one of the best-funded companies of 2005.
With the MTV funds, the company has raised over $110 million, including venture money from Universal Music Group, Highland Capital Partners, Columbia Capital, and Redpoint Ventures (see Amp’d Raises $67M in Funding).
Posted by amol at December 17, 2005 11:30 AM
