Home › News ›

FreedomPop to Forgo Acquisitions for Now

Article Comments

Jun 17, 2015, 7:07 AM by Eric M. Zeman

FreedomPop today put to rest months of speculation that the company would be acquired by a larger competitor. FreedomPop says it has declined multiple offers and will instead remain a separate entity. In order to do so, however, it secured $30 million in Series B financing from Partech Ventures. "We ultimately decided it was premature to sell on the cusp of exponential traction," said Stephen Stokols, FreedomPop's founder and CEO. "Following on accelerated growth and our pending global expansion, we are confident we will create massive value within the next 12 to 24 months at which point we could revisit exit options." FreedomPop offers free and low-cost wireless service mostly via WiFi. It also resells access to Sprint's network.

source: FreedomPop

Related

iPhone 14 Plus Offers a Big Screen For Less

Sep 7, 2022
Apple has revealed the iPhone 14 series, with new features, improved specs, and new size options. In place of a Mini option, the iPhone 14 will come in the same 6.1-inch and 6.7-inch screen size options as the Pro models.

iPhone 15 Series Goes All-In on USB-C and Dynamic Island

Sep 12, 2023
Apple has revealed the iPhone 15 series, which moves to a USB-C connector and brings several key features from last year's Pro models to the more-affordable standard models. These include the pill-shaped sensor cutout in the display that Apple calls Dynamic Island, a brighter display that can reach 2000 nits, a 48 megapixel main camera, and the A16 Bionic processor chip.

Samsung S24 Series Adds More AI, Updates the Hardware

Jan 17, 2024
Samsung has unveiled its lineup of flagship phones for 2024, the Galaxy S24 series. The phones sport multiple upgrades in both hardware and software compared to last year's models.

Qualcomm Driving to Make mmWave 5G More Affordable in 2022

Dec 1, 2021
Qualcomm will make a big push to bring high-speed mmWave 5G to more affordable phones in 2022, according to comments made by CEO Cristiano Amon during a Q&A session at the company's Snapdragon Summit event in Hawaii today. For a phone to support mmWave 5G, multiple specialty antenna modules need to be added, which can raise a phone's price by $50 – 100.

Qualcomm Expands Snapdragon 8 Series to Cover More Price Points

Mar 18, 2024
Qualcomm has revealed the Snapdragon 8s Gen 3 Mobile Platform, an expansion of the 8 series to a slightly more affordable price point. Traditionally, the 8 series (like the new 8 Gen 3) powered top-end "flagship" phones, and the 7 series chips powered "affordable flagship" phones one tier below that.

more news about:

Comments

This forum is closed.

This forum is closed.

No messages

Page 1 of 1