After less than two years in existence, Solavei is filing for bankruptcy

MVNO Solavei filed last week for Chapter 11 bankruptcy protection, but said it will continue to operate normally while it restructures. The company launched service in the fall of 2012. Solavei said that all of its services will continue uninterrupted and “member compensation” will be paid according to regular schedules. The company filed its voluntary bankruptcy protection petition in the U.S. Bankruptcy Court for the Western District of Washington because it wants to restructure its debt “in line with operating income and more accurately align costs and infrastructure needs.”.