Blog Post

Telus Writeoff For Amp'd Mobile Canada: $18 Million

We mentioned yesterday about MTV Networks’ writeoff for its investment in bankrupt Amp’d Mobile ($36 million). Telus, the Canadian teclo which invested in Amp’d and opened up Amp’d Canada, also did a writeoff of about $18 million on the investment. And the service there closed down too, of course. Telus had $7.5 million invested in Amp