FreedomPop Keeps Its Freedom for $30 Million

Posted by PhotoPhil on July 22, 2015 in Business, Cell Service, The Art of Winning |

FreedomPop has currently completed a second round of funding, in partnership with Partech Ventures, Doll Capital and Mangrove Ventures, the main venture capital fund for FreedomPop.

As an potential buyout from Sprint loomed, FreedomPop CEO Stephen Stokels remarked; “It just felt premature to sell.” Additionally, several comments were made concerning that the company would be worth more in the next year and perhaps would catch a better buy out price, as it expands its service to Europe.

However, at this point there are no plans to introduce smartphones outside of the U.S. leading some to expect the service offering will be along with its current “bring your own device” deal it has with Sprint. It is unknown at this point of Sprint is part of the European expansion plans.

A more in depth and detailed aspect of the story was provided on Recode.net as they were the ones to run the original press release.

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