ROK drops bid to acquire MVNO Xero Mobile

For the past 14 months MVNO Xero Mobile has planned to launch mobile services in the U.S. that were either free or cheap because of ad-support, but no services were ever launched. Recently ROK Entertainment announced its intent to acquire the MVNO, but the company has now dropped its bid on the MVNO. ROK is a U.K.-based mobile media company centered on on-demand mobile video.

For more on the fate of Xero:
- read this press release from ROK