Apparently some of the guys running this company worked at Gizmondo, a company that was going to be famous for its gaming device, and instead became infamous for a its CEO Stefan Eriksson totaling a million dollar Ferrari. (Sigh, if only cars could pick their drivers…..)
The Register says that former Gizmondo CEO Carl Freer has helped company raise money – by some estimates nearly $300 million. Gizmondo Europe as you might remember is in liquidation, as the Brits would say. A while ago I had remarked that MVNOs are the new CLECs. I am even more convinced – this and most other MVNOS are going to end-up costing people a lot of money.