Despite reluctance from three major carriers, creditors have agreed to extend Pantech's deadline for debt repayment by two years, keeping the South Korean company alive for the time being.
The third largest phone maker in Korea continues to post losses while still owing debt to various entities, including Korea's three carriers.
The Vybe is a competitively priced device that'll please messaging enthusiasts and smartphone neophytes who don't want high-end features.
Having filed for bankruptcy earlier this year, ongoing troubles at Pantech have forced the company to seek a full buyout.
As the Korean cellular market draws closer to saturation point, the drive to win customers through cheap phone deals has gone off the rails.
The 3.2-inch Vybe sports a QWERTY keyboard, a 3-megapixel camera, and an intuitive user interface.
The Pantech Vybe for AT&T is equipped with a 3-megapixel camera, four-row QWERTY keyboard, and a reasonable on-contract price.
The new 4G service will be rolling out to customers this week, and is three times faster than current speeds.
Pantech has only been making smartphones for U.S. carriers since 2011, with handsets getting better and better.
Samsung says it will have no involvement whatsoever in the Korean handset maker's business operations.