New MVNO in The Works

A hat trick reader told me about a new Los Angeles based MVNO about to come out of stealth mode named XeroMobile.

My source tells me they raised about 300 million dollars, mostly from Europe. They are a likely contender to Helio in the newcomer space and will more than likely want to be in the 3G/VoIP/WiFi space that Google, FON and Boingo are all playing in.