Amp’d raises another round.
“Trying to create an upstart hipster cell phone company is utterly expensive. Peter Adderton and Sky Dayton, the CEOs of MVNOs Amp’d Mobile and Helio, know this all too well by now. Amp’d is adding another $107 million in funding, according to PEHub and VentureWire, which will bring the company’s funding to over $360 million.
Helio has the backing of two public companies that are shelling out a lot of money — $440 million — to get it on its feet. Helio says it will reach 100,000 subscribers by the second quarter of this year while Amp’d officially brought in over 100,000 subscribers by the end of 2006.”