For over a year now here on MoDaCo we've championed the cause of MVNO Ovivo Mobile. Up until today they sold SIM cards for a one-off payment of £20 but gave you a nice, but limited amount of calls and data for free every month. The network was a great solution for low use devices such as tablets and family members that need a mobile service but not necessarily the bells and whistles that come with more expensive packages.
Ovivo made their money from advertising, which they did by dropping in random adverts whilst you were browsing. However, many users soon realised that adverts would only display whilst browsing the web and didn't affect apps like Facebook, Twitter, Play Store etc which ultimately meant that Ovivo weren't getting as much money from advertising as expected.
Ovivo announced earlier this month that they were seeking to raise £3m by Easter and expand within the UK to take on more customers. It would appear that any negotiation has failed leaving the company unable to raise sufficient capital to keep the business going. As a result, Ovivo have ceased operations with immediate effect.
Dear OVIVO Customers,
We are very sad to announce that for reasons beyond our control, OVIVO Mobile is closing down on the evening of Wednesday 19th March 2014.
We'd like to thank each and every one of you for your support and friendship over the last two years.
A sad day, but in hindsight, one that was just around the corner. Worryingly, customers were not told in advance of the closure which leaves thousands without a working mobile service and some very unhappy customers.
MoDaCo forum user Todoleo commented:
"I'm quite annoyed. Just last week I purchased a SIM card from Ovivo for £20. The SIM card was delivered today and can't be activated."
Ovivo users can grab PAC codes from the Ovivo site to port their number to another network.
[ Via : Ovivo Mobile ]