Blyk wins more funds to expand, starting with Netherlands

Startup MVNO Blyk - which supports its free mobile network for 16 to 24 year olds by sending them targeted adverts - has secured undisclosed investment from Goldman Sachs and the Industrial and Financial Investments Company (IFIC), and plans a launch in the Netherlands. It launched first late last year in the UK. Also in the round were Sofinnova Partners and some private investors. Founded by ex-Nokia president Pekka Ala-Pietilä and Antti Ohrling, Blyk will piggyback on Vodafone’s network, and plans other Euorpean launches. Last week they denied slow subscriber rates after a disgruntled Blyk user said they and their friends had turned off the Blyk handset’s messaging capabilities in order to avoid receiving the adverts. Kids huh?

This entry was posted on Wednesday, January 30th, 2008 at 6:26 pm and is filed under Blyk. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.