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FreedomPop attracts Asian investor Axiata

2015-07-30 13:16:00| Telecompaper Headlines

(Telecompaper) US MVNO FreedomPop announced another USD 6 million in financing, including a new investment from Asian mobile operator Axiata. A month ago FreedomPop announced a USD 30 million, Series B round led by Partech Ventures. The latest investment includes USD 6 million of new funding, plus USD 4 million that was ring-fenced in the USD 30 million round, Multichannel reports. In total, FreedomPop has raised about USD 58 million. The company announced earlier plans to launch in the UK and other European markets and now plans to work with Axiata to bring its 'freemium' model to Asia. FreedomPop offers a small amount of mobile data free to customers, who can then add additional paid services. FreemdomPop said that Axiata's investment "comes with a major commercial partnership that will help take FreedomPop to a whole new level globally, not only by extending our reach, but by expanding how we work with carriers around the world". The company is in similar partnership talks with other major global carriers, it said.

Tags: asian investor attracts axiata

FreedomPop raises USD 30 mln in new financing

2015-06-17 16:05:00| Telecompaper Headlines

(Telecompaper) US MVNO FreedomPop announced USD 30 million in Series B financing to support its expansion to new markets. The company said earlier this year that it was considering either being acquired or seeking new external financing. It now says it declined "multiple M&A offers" in favour of organic growth. The capital injection was led by Partech Ventures and, as part of the financing, Mark Menell, General Partner, will be joining the FreedomPop board of directors. Existing investors DCM Capital and Mangrove Capital also contributed to the latest round. In addition, a new strategic investor was added, but is not part of the initial tranche and will be announced separately. FreedomPop said that Partech, with offices in Berlin and Paris, will help support its planned launch in Europe. In addition to launching in new countries, FreedomPop said it plans to invest in distribution in the US, adding offline retailers as partners. With almost 1 million customers in the US, FreedomPop plans to launch in the UK later this summer and said it expects to "expand further into Europe later this year".

Tags: new usd financing raises

ET deals: LG Viper for $60 with a free trial of unlimited talk and text and 1GB of data from FreedomPop

2015-06-15 16:00:05| Extremetech

On the lookout for an affordable smartphone with a cheap, fast, and flexible service plan? FreedomPop is currently offering a pre-owned LG Viper Android smartphone for just $59.99, and it even comes with free talk, text, and data at no additional cost.

Tags: of from free data

Get a ZTE Force smartphone for $24.99, enjoy free mobile data from FreedomPop

2015-05-27 16:00:17| Extremetech

Whether you're on a tight budget or simply in need of a secondary smartphone, you definitely need to check out today's deal from FreedomPop. For just $24.99, you'll get a ZTE Force smartphone running Android 4.0, and a month of unlimited talk, text, and data for free. The best part? No long-term contracts!

Tags: from free data mobile