In the just concluded Black Friday shopping bonanza, FreedomPop launched an incredibly tempting offer for its clients. The promotion saw devices like Samsung Galaxy S4 go at a $350 discounted price of $ 100. The Moto E was also going at a throwaway price of $40. Both devices came with a 1GB data, unlimited texts and SMS for one month before getting 500 MB from Freedom Pop with unlimited SMS and voice calling for a month.
The company also disclosed it had received additional funding from Intel Capital. It will use the capital to expand its smartphone sales department. It will also launch a wireless fixed network that will be modelled on Intel. It is expected the new network will propel it to greater heights as it launches experienced one of the strongest times in its history.
The company CEO Mr Stokols revealed the company had received several M & A offers but chose to remain independent. It has been on a growth path and it feels it is on the cusp of a takeoff. It also so confirmed its recent $ 54 million funding from Axiate group. Axiate is an Indian company with over 230 million customers in India and Singapore. The new partnership is expected to see FreedomPop became one of the leading service providers of quality network and mobile services in the world.
Freedom Pop is a Californian based company founded in 2011 by Stephen Stokols and Sesar Steven. It is headquartered in LA but has expanded nationally and is now entering the European market through the UK. It is funded by Mangrove Capital, DCM Capital, Atomico Partech Ventures and Axiata.The CEO is Stephen Stokols, and the COO is the Steven Sesar.
In begun by offering mobile and WIFI services using Clear wires 4G network. It plans to build a nationwide WIFI network with 10 million hotspots and will be billed at $ 5 per month. In May, it announced an expansion to the UK with its free data, voice and text. It seeks to replicate it success in California there too.
It has raised nearly $ 100 million in a series of funding since inception. It has received a mostly positive market feedback and is enjoying a renewed growth in the market. It recently introduced a 4G everything unlimited plan in select locations in The US.