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 3.2-inch Vybe sports a QWERTY keyboard, a 3-megapixel camera, and an intuitive user interface.
The Vybe is a competitively priced device that'll please messaging enthusiasts and smartphone neophytes who don't want high-end features.
Pantech's latest Android smartphone could include a stylus and a fingerprint sensor.
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 new 4G service will be rolling out to customers this week, and is three times faster than current speeds.
The Pantech Vybe for AT&T is equipped with a 3-megapixel camera, four-row QWERTY keyboard, and a reasonable on-contract price.
AT&T broadens its prepaid GoPhone service for certain tablets, including the Apple iPad 3 and Google Nexus 7.
Pantech has only been making smartphones for U.S. carriers since 2011, with handsets getting better and better.