FreedomPop, the innovative free mobile phone service company, is getting in on the Black Friday frenzy. Through late November new customers get a Motorola E smartphone for $40, a $190 discount. Or they can choose a Samsung Galaxy 54 smartphone for $100, a discount of $350 dollars. These are refurbished models, yet they include support for LTE services. The offer also includes a free month of unlimited text messages. voice calling, and one GB of cell data. After the first month free customers will revert to Freedom Pop’s standard plan of free 500 text messages, 500 MB of cell data, and 500 calling minutes.
FreedomPop is a company on the rise. Earlier in the month they announced a undisclosed amount of funding from Intel Capital. They plan on using the new infusion of funds to expand its smartphone product line. Earlier in the summer telecom player Axiata Group threw in $10 million. Axiata Group services in excess of 230 million customers in Malaysia, Indonesia, India, Bangladesh, Singapore, Cambodia, and Sri Lanka. FreedomPop hopes its funding and alliances will make it possible from them to offer free mobile phone service to millions of customers.
FreedomPop is in the mode to change its partnership model from a wholesale arrangement with U.S company Sprint, to something like a strategic commercial partnership. In June FreedomPop earned $30 million in series B funding from a brand new investor, Partech Ventures, and previous investors DCM Capital and Mangrove Capital. FreedomPop has been taking on investors in lieu of selling the company. But CEO Stephen Stokois would not completely rule out the possibility. About the situation he had this to say:
“Following on accelerated growth and our pending global expansion, we are confident we will create massive value within the next 12 to 24 months at which point we could revisit exit options.”