Home › Fridman's L1 invests USD 50 million in FreedomPop
 

Keywords :   


Fridman's L1 invests USD 50 million in FreedomPop

2016-08-30 09:07:00| Telecompaper Headlines

(Telecompaper) LetterOne (L1), the international business of Russian investor Mikhail Fridman, is investing in FreedomPop, the US-based MVNO. L1 said it received clearance from the Committee on Foreign Investment in the United States (CFIUS) to complete its USD 50 million investment in FreedomPop. The mobile provider announced the investment round earlier this year, saying it would use the money to fuel its global expansion. FreedomPop, which offers a basic free mobile plans and bigger paid plans, launched in the UK and Spain this year and plans to open an additional eight markets by the end of next year.

Tags: million usd invests freedompop

Category:Telecommunications

Latest from this category

All news
»
29.06Eastern North Pacific Tropical Weather Outlook
29.06Atlantic Tropical Weather Outlook
29.06Tropical Storm Beryl Graphics
29.06Tropical Storm Beryl Forecast Discussion Number 2
29.06Tropical Storm Beryl Public Advisory Number 2
29.06Summary for Tropical Storm Beryl (AT2/AL022024)
29.06Tropical Storm Beryl Wind Speed Probabilities Number 2
29.06Tropical Storm Beryl Forecast Advisory Number 2
More »