Azteca Mobile calls it quits
S | Quote | Chart | News | PowerRating -- Azteca Mobile, an Overland Park-based wireless company that used the Sprint Nextel network, is out of business.
The wireless company formed by a Mexico City-based Spanish-language TV network filed for Chapter 7 bankruptcy in U.S. Bankruptcy Court in Kansas City, Kan., owing Sprint about $600,000.
Azteca was a mobile virtual network operator offering pre-paid phone service, with a focus on service between the U.S. and Mexico.
The company described itself as "the only MVNO with prepaid roaming into Mexico and Push to Talk functionality between the United States and Mexico."
Azteca Mobile, formed about four years ago, said in court documents that it had assets of $1.9 million and liabilities of $22.3 million.
The company said it had income of $1 million in 2007, about $1.6 million in 2008 and $247,000 so far this year.
Azteca said it sold its 4,500 remaining customers to Cozac Wireless, a subsidiary of APC Wireless. Cozac last year also purchased the assets of Movida Communications, another bankrupt Kansas City area wireless company that focused on the Hispanic community.
Most of Azteca's debt -- more than $17 million -- was owed to Azteca Movil, a Mexico City company owned by Hispanic television network TV Azteca.
To see more of The Kansas City Star, or to subscribe to the newspaper, go to
http://www.kansascity.com. Copyright (c) 2009, The Kansas City Star, Mo.
Distributed by McClatchy-Tribune Information Services. For reprints, email
tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax
to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave.,
Suite 303, Glenview, IL 60025, USA.
For full details on Sprint Nextel Corp (S) S. Sprint Nextel Corp (S) has Short Term PowerRatings at TradingMarkets. Details on Sprint Nextel Corp (S) Short Term PowerRatings is available at This Link.
- TradingMarkets 7 Stocks You Need to Know for Wednesday - 02/09/10
- Zacks Analyst Blog Highlights: Time Warner Cable Inc., Clearwire LLC, Sprint Nextel Corp., Microchip Technologies Incorporated a - 02/08/10
- Sprint Live Web Chat with Russell Hantz, Survivor: Samoa Runner-up and Survivor "Villain" in the Upcoming Season of Survivor: He - 02/08/10
- How Do I Love Thee? Let Me Count the Ways With Apps on My Sprint Phone - 02/04/10
- Sprint Continues Support of Haiti Relief Efforts with Donation of Wireless Infrastructure and Long-Distance Services - 02/03/10
- More News >>
