Mobile ESPN, one of the most high-profile MVNOs, has thrown in the towel. The entire experiment cost Disney a reported $30 million. What does this mean for the other MVNOs? It's still too soon to tell. I think a better targeted (and better priced) MVNO can make it work, but this certainly proves that it won't be easy. Read Lynette's take at FierceWireless for more.
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