Monday, August 08, 2011

Ireland - Just Mobile, an MVNO, is closing down due to the lack of funding, following losses of EUR 2 million

[cellular news] Irish MVNO, Just Mobile says that it is closing its network after being unable to secure additional funding to continue operations.

The company operated on the Vodafone network and said that the network, and other suppliers - which it said had have been very supportive - could not continue to support the company any longer.

In a statement, the company said that it had "created something special for our customers, but unfortunately the business climate is not conducive for young companies to raise capital in."

The shut-down will take place progressively over the next couple of weeks and will close completely on the 19th August.

The company is reported to have lost around EUR2 million since it was launched just ten months ago.

Irish MVNO Closes Down

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