Blyk raises 40 million Euros, faces challenging ad market
Blyk, the European MVNO targeting 16-to-24 year olds, has raised 40 million EUR in a third round of funding. I’ve written about Blyk’s unusual business model — free phone calls and text messages in exchange for viewing MMS and SMS advertising. While it might sound like “free WiFi in exchange for ads”, there’s a big difference. Blyk is using existing networks, not building its own, by buying wholesale capacity from operators such as Vodafone. It also acts as a consultant…



