Windows Phone 8 emulator error - Something happened while creating a switch

Question

I have a similar problem like mentioned in this question:

Unable to create the virtual machine

But, my problem is a bit different in the error description:

Answer 1

Open the Hyper-V Manager from the start menu, and open the Virtual Switch Manager. Remove any existing switches, and try make a new virtual switch with a connection type set to internal.

You might need to run XdeCleanup.exe afterwards.