http://deals.venturebeat.com/2006/10/19/firefly-raises-3m-to-restart-revealing-mvno-problems/ News About Tech, Money and Innovation Tue, 24 Nov 2009 19:47:27 +0000 http://wordpress.org/?v=2.8.5 hourly 1 http://deals.venturebeat.com/2006/10/19/firefly-raises-3m-to-restart-revealing-mvno-problems/comment-page-1/#comment-524372 VentureBeat » Kajeet’s phone for kids, will it avoid pitfalls of predecessors? Mon, 10 Sep 2007 06:33:24 +0000 http://www.venturebeat.com/wire/2006/10/19/firefly-raises-3m-to-restart-revealing-mvno-problems/#comment-524372 [...] The Bethesda, Maryland company is brushing aside the grim evidence provided by string of disasters at other companies trying something similar. Amp’d Mobile was the most high-profile recent case of a so-called MVNO (or Mobile Virtual Network Operator) that saw its business fall part because of high costs. Firefly, a venture-backed company that served teens and younger kids with a phone, also struggled. It was forced to restart again when its original investors bailed on the company. [...] [...] The Bethesda, Maryland company is brushing aside the grim evidence provided by string of disasters at other companies trying something similar. Amp’d Mobile was the most high-profile recent case of a so-called MVNO (or Mobile Virtual Network Operator) that saw its business fall part because of high costs. Firefly, a venture-backed company that served teens and younger kids with a phone, also struggled. It was forced to restart again when its original investors bailed on the company. [...]

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