FreedomPop Receives Funding to Back Global Hotspot

FreedomPop is hoping to change the face of mobile phone service and has raised an additional $50 million recently to help with their new project. The cell phone carrier is dabbling in global networks and is now offering a global hotspot for a fraction of the cost of other carriers. Many carriers offer global plans in the form of roaming charges, which can become rather pricey after much use. FreedomPop is offering a global hotspot for the price of $49.99 to start with along with a global SIM card which costs $10. The price may increase to $99.99 after the initial introduction of the product. The one time cost of $49.99 gives the user 200 megabytes of free data with an extra 500 megabytes added on for $10.

FreedomPop started out in 2012 and is headquartered in Los Angeles, California. Their mission statement is “to deliver free and fast mobile services to all Americans,” according to the FreedomPop website. The service runs on the Sprint LTE network in the United States. Service is free for limited plans and for those wanting more data and usage, plans start as low as $19.99. They also offer free internet with the purchase of a hotspot. Unlike other cell phone carriers, FreedomPop’s advertising strategy relies mostly on word of mouth. The company offers incentives of free data for those who sign up friends or complete partner offers.

Despite the thought of selling the company, FreedomPop has decided not to sell thanks to generous backing by investors. The company hopes to use the funding to expand its services to more countries within the next year.