According to new CEO Chaung, Republic generates $100 million in annual revenue and is profitable. Industry sources estimate that Republic has around 300,000 subscribers.
The newly independent MVNO also announced a holiday promotion today. From December 7 through December 12 Republic will be selling two phones at reduced prices and both phones will come six months of free service. The discounted phones are the soon to be released Huawei Ascend 5W for $129 (reg $179) and the Motorola Moto Z Play for $349 (reg $449). The Moto Z Play features a Snapdragon 625 SOC, 3 GB RAM, 32 GB internal memory, 5.5" 1080 x 1920 px AMOLED screen, SD card slot, 16 M5 rear and 5 MP front cameras and a non-removable 3510 mAh battery. I have not been able to find any specifications for Huawei Ascend 5W.
Both phones operate on Republic's GSM (T-Mobile network) service. The six months free service is on Republic's $20/month unlimited Talk, Messaging and 1 GB data plan.
Republic is a "WiFi-first" operator that routes voice, messaging and data traffic over WiFi whenever possible using Android phones with custom software. Republic offers plans starting at $10 for unlimited talk and messaging on the Sprint network. T-Mobile based plans start at $15. See our Prepaid Operator Profile: Republic Wireless for details of Republic's plans and services.
Source Press Release