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FreedomPop on verge of being purchased by a major carrier

Posted: , by Alan F.

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FreedomPop on verge of being purchased by a major carrier
Sprint MVNO FreedomPop, could be the subject of an acquisition by a major carrier. Talks started to ramp up after Sprint decided not to go after T-Mobile earlier this month. FreedomPop CEO Stephen Stokols has confirmed that his company is the target of a possible buyout, but could not give out more information. Could it be Sprint that has the interest in FreedomPop? Considering that they have had dealings with each other, it does make sense. But there are reasons to think that this is not the case.

Once SoftBank founder and Sprint Chairman Masayoshi Son decided that he couldn't fight City Hall (namely the FCC and the FTC), he decided to stop pursuing T-Mobile. He also replaced long time Sprint CEO Dan Hesse with Marcelo Claure. But Claure's goal is to allow Sprint to challenge the Verizon and AT&T duopoly alone, without requiring an acquisition. Thus, we would be very surprised if FreedomPop became the target of Sprint.

On the other hand, from its earliest days, FreedomPop was supposed to be living on the edge, offering free monthly data to subscribers. Hmm. Which carrier does that remind you of?  Would T-Mobile be interested in a unique boutique like FreedomPop to help spread the word from the good book of Legere? 

FreedomPop CEO Stokols said that the carrier will reach the one million subscriber mark by the end of next year. By the end of this year, FreedomPop will be available in small and large retail stores in eight major markets like New York City, Dallas and Houston. FreedomPop's wireless service will also be available in 1700 Staples stores from coast to coast before the holiday season starts.

A growing company like FreedomPop will certainly be targeted by bigger carriers who would love the opportunity to capture fresh growth. And the best part is that an acquisition like FreedomPop would probably fly under the regulator's radar. An acquisition by T-Mobile would put it that much closer to leapfrogging over Sprint, something that John Legere says will take place before the end of the year.

source: FierceWireless

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posted on 25 Aug 2014, 20:02

1. xtroid2k (Posts: 534; Member since: 11 Jan 2010)

I always keep seeing adds for freedom pop. Are they good? Are there any gimmicks?

posted on 25 Aug 2014, 20:13

2. ajac09 (Posts: 1482; Member since: 30 Sep 2009)

They use sprint network so network wise they suck. Once they are owned by tmobile that will change a bit.

posted on 25 Aug 2014, 20:19 1

3. warrenellis (Posts: 102; Member since: 06 Apr 2011)

i have the freedom pop hub burst which uses sprints 4g wimax, 10 gb of data for $20 per month, i use it for my business. 2 computers checking emails/facebook/sometimes watching video and i have never gone over half my alotted data. There is no customer support that i know of. monthly payments are taken out of your credit/debit card automatically with no way to pay in advance. it is by far the cheapest option out there and it works for me, now if you are not in a 4g wimax area then you might have a problem

posted on 25 Aug 2014, 20:33 2

4. 0xFFFF (Posts: 3806; Member since: 16 Apr 2014)

Sounds like a soft drink. Maybe Coca-Cola is going to buy them? Free hotspot with every case of Coke?

posted on 26 Aug 2014, 08:47 1

5. jimjam (unregistered)

Bought a hotspot free with free data. Can't go wrong with that! Great as a backup. Got me out of trouble a couple of times

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