Wireless-TV Outfit USDTV Pulls Plug

Moss, Linda
March 2007
Multichannel News;3/12/2007, Vol. 28 Issue 11, p14
The article reports on the closure of wireless television outfit USDTV following a series of setbacks in the U.S. The withdrawal of its major investor NexGen Telecom that also experienced a setback in another business has factored the shutdown, which will affect about 7,200 subscribers. According to USDigital CEO Steve Lindsey, the company failed to find bridge funding to tide it over until it could secure a larger cash infusion from investors.


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