FreedomPop Raises Money to Fund its Expansionist Plans

FreedomPop has recently embarked on an expansionist plan that aims to see it expand its market both locally and internationally. The company has received numerous funding from confident investors who believe in the profitability and growth of the mobile virtual network Operator (MVNO). The company CEO, Stephen Stokols, recently granted an interview to RCRwireless News about the expansion plans while giving some insight into the company’s operations.

FreedomPop runs on a cellular service that is provided by Sprint. Within the past year, the MVNO has acquired a lot of money in VC funding. The money will be used to fund extensive networks of international and domestic expansion plans. The newly infused cash has allowed the firm to remain independent after rumors of potential acquisition surfaced last year.

Stokols expressed confidence that the firm’s business model was well suited to allow it to compete favorably in the market. He also revealed FreedomPop’s future plans. The company was started in 2011and offers free mobile services to users in Europe and the United States.

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Originally reported on RCRwireless News: http://www.rcrwireless.com/20160309/carriers/freedompop-rides-vc-funds-towards-expansion-tag2