Hispanic MVNO Movida, which filed for Chapter 11 bankruptcy late last month, has been bought out of it by mobile services provider APC Wireless. APC bought another local MVNO Liberty Wireless in Jan this year. For Movida, the brand, the rate plans, and subscriber contracts will remain the same. More here.

The company was founded in 2005, and late last year moved from Miami, Florida to Kansas City, Missouri to be “more central to its national customer base”. The company raised $40 million in financing last year, from a group of investors led by Plainfield Asset Management and the deep-pocketed Cisneros Group.

• Hispanic Focused MVNO Movida Files For Ch 11 Bankruptcy Protection