FreedomPop to Offer Reasonably Priced Global Hotspot Services
FreedomPop is a company which specializes in the distribution of free to very cheap cell phone and data services. They have successfully raised over fifty million dollars to help fund their latest project, which entails selling a global hotspot.
This move will make very cheap mobile data available on a global scale, rather than enforcing ridiculously high roaming fees that many other cell phone providers use. This will hopefully raise the competitive bar among competitors, such as AT&T and Verizon. Even T-Mobile, which offers free roaming to all of its customers on contract plans, has very slow data speeds that make mobile devices useful for checking e-mails and very light web browsing, but not much else. FreedomPop will not be offering such slow speeds, despite its reasonably priced rates. The CEO of FreedomPop, Stephen Stokols, says this will be possible by reaching deals in over twenty-five countries, with more to hopefully come.
FreedomPop’s initial release price for its hotspot will be $49. They will also release a SIM card that can be installed in unlocked phones for $10. Customers will get two hundred megabytes for free each month, with the option to purchase five hundred more megabytes for ten dollars.
At this time, FreedomPop offers services in the United States using the Sprint network and European Carrier Three in the United Kingdom. Last year, the company raised $30 million after deciding to remain as an independent business as opposed to selling itself out. The international service will launch on Wednesday and will offer service to the United States, the United Kingdom, and many other countries across Europe. The goal is to strike deals in forty or more countries, including ones in Latin America and Asia, by the end of the year.