FreedomPop is one mobile provider that will be getting an advantage out of the Black Friday spirit by practically giving their services and devices away. The company, a Los Angeles operation, gives wireless internet and mobile phone service is based in Los Angeles, and provides service over Sprint and Clearwire networks. Clearwire and Sprint’s network.
Until Nov. 27 the carrier allowed customers to get a Motorola E smartphone for the low pricetag of $40. This is a big deal considering the usual bill for this device would be $190 more. Other options included a Samsung Galaxy S4 smartphone for $100, shaving nearly $350 off of the usual price. These refurbished devices are not the latest out on the market, but this sale model has become the norm for providers that are looking to increase interest in second hand markets.
Apple’s upgrade program is one example for providers getting a lot out a second hand marketing angle. This also benefits individuals who would not otherwise be able to afford these products. These refurbished products are also LTE capable, running on Sprint’s network. FreedomPop exhibits a determination to provide the best possible free mobile experience for a market that wants an increasing amount of choice in regards to what devices are made available to them.
In addition to sleek devices at lower prices, these deals also give customers unlimited voice calling for a whole month! Additional services such as text messaging an additional gigabyte of data are also reasons why customers will enjoy this holiday offer from FreedomPop. Not only are the company interested in providing customers extra incentives for using their service, up to 500 calling minutes are available after customers transition over to the network for a longer contract period. This new company, launched in late 2012, will soon hit 1 million customers.
The company has recently acquired funding from Intel Capital that it plans to use for international expansion. In addition to setting up markets in the UK, the company will also build upon its smartphone portfolio. Next year’s plans include a Wi-Fi first model built according to Intel’s Sofia platform. This will no doubt be of benefit to the company that has benefitted from a $10 million investment from telecom giant Axiata Group, an operation with a 230 million customer base across Asia.
FreedomPop has made the interesting transition from a wholesale to commercial company is an interesting one. The company is currently in conversations with multiple major global carriers that are active in several markets. It seems that new company are preparing for fast growth as their capital gains seem to just roll out. The company CEO, Stokols, who previously served as CEO of Woo Media, seems to be optimistic about projected growth over the next year or two. As of June they were able to get $30 million in series B funding from several companies. While the company continues to project growth into the future, FreedomPop doesn’t rule out an eventual sale down the line.