FreedomPop acquisition story keeps getting more interesting. Earlier in the week we reported that a major carrier was in negotiations to buy the Sprint freemium MVNO.
Now it looks like FreedomPop is that target of a bidding war. According to a report by Bloomberg Businessweek there are now not one but two mobile operators seeking to acquire FreedomPop. One is a US based company and the other is international and the offers are in excess of 100 million dollars.
FreedomPop is notable for its free mobile phone service which includes 500MB of data, 200 voice minutes and 500 texts per month at no charge. Voice and text use FreedomPop's VOIP calling and SIP messaging app. The company makes its money on overage charges and extra cost add-ons like data rollover, visual voicemail and "dedicated" phone support. A FreedomPop spokesperson told Businessweek that the company's revenue and subscriber count are increasing by 50% every quarter and the company is on track to hit one million subscribers sometime next year.
No word yet on who the two potential buyers are but speculation is that one of them is Sprint. As for the other your guess is as good as any one's. The likeliest candidate is probably Dutch operator KPN, the parent of the Belgian operator BASE that FreedomPop will launching service on soon. But FreedomPop's CEO has previously mentioned that its been negotiating to offer service several other European operators as well as a US based GSM carrier.
I suspect FreedomPop's investors, who put $16 million into the company, are pretty pleased with that $100 million plus projected sales price.
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