Rumor: Disney Mobile to cease operations

Later this morning, sources close to the situation tell mocoNews.net, the Walt Disney (NYSE: DIS) Company will announce that it is closing its second MVNO in as many years rather than continue to invest in the expensive service. The decision was based on a recommendation by the Walt Disney Internet Group to corporate that Disney Mobile be closed and that, instead, a focus will be placed on licensing its Family Center suite.

	Disney Ends Cell Phone Service for Kids	Associated Press	Thu Sep 27	2
	Disney to End U.S.-Based MVNO Operations	Business Wire	Thu Sep 27	0