As originally reported on Recode, the mobile carrier FreedomPop has decided not to sell and has recently picked up $30 million in new funding. This new funding comes from Partech Ventures, a European venture capital firm. One of the contributing factors to the company’s decision not to sell was CEO Stephen Stokols belief that the company would attain three to four times its current value in the next year after expanding its business internationally, Stokols also mentioned that he was inspired to make the decision not to sell by Silicon Valley, a television show about a fictional startup who decided to stay independent.
FreedomPop also intends to acquire retail partnerships, hoping to have their products on major retailer’s shelves by this coming October, despite Stokols saying he is not entirely convinced that it is what the company needs although several retailers have already expressed interest in a partnership. Until then their products are only available online. Stokols goes onto state that improving the company’s customer service is another one of their major priorities. To accomplish this the company is hiring more staff in addition to improving the software they use to handle customer service.
More information can be found on Recode at http://recode.net/2015/06/17/freedompop-opts-not-to-sell-raises-30-million-instead/.
Now days, you probably use more data with your phone than you actually use it to make phone calls or text. In fact, it is possible to send text messages and phone calls through a data connection or Wi-Fi. However, this is always where most mobile service providers get you. With the combination of data services and your smart phone bill, you probably pay over $100 a month for almost basic services. That is a far cry from what it use to be, back when you could obtain a general mobile phone and use it for a few dollars a month. Now your mobile phone is almost a car payment every month. There are better ways for you to cut back and save money though, and FreedomPop wants to help you out. With this service, you can skip out on most mobile services and simply subscribe for the $5 a month (no contract) Wi-Fi service.
It also gives you access to all of your Internet based applications and services. All of this is available to you, without signing up for a contract service, paying a smart phone fee or any of those other bills that cost you. Instead, you can potentially only pay $5 a month. Now, chances are there are going to be times where you are not under the umbrella of the Wi-Fi system, so having some sort of a service is recommended, but you can at least cut down your expenses, and this Freedompop review assures you do have the capability of canceling everything, should you decide.
With FreedomPop, you have access to the wireless networks signed on with the company. This includes major chains such as Burger King, Starbucks, McDonald’s and others. This way, whenever you are in a close proximity to such a service you can connect through FreedomPop. You don’t even need to go inside as the service signal is generally strong enough. Also, if the networks of different stores overlap, you can seamlessly move from one to the other, without dropping a call or being disconnected from the Internet. With tens of thousands of available locations spreading across the country, this is becoming more and more a viable option, which is exactly why you need to look towards using this service.