FreedomPop Negotiates with Two Mobile Carriers on Acquisition

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FreedomPop Negotiates with Two Mobile Carriers on Acquisition

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FreedomPop Negotiates with Two Mobile Carriers on Acquisition

by TheStreet 0:53 mins

FreedomPop Negotiates with Two Mobile Carriers on Acquisition

by TheStreet 0:53 mins

Sprint's mobile virtual network operator FreedomPop could be the target of a major carrier's acquisition. The mobile service backed by Skype co-founder Niklas Zennstrom is reportedly talking to two carriers about a buyout. CEO Stephen Stokols declined to reveal who are the interested parties, but one is based in the U.S. and the other one is from abroad. Both are in the negotiation stage. According to a statement from the company, prices that were put on the table thus far were in the nine figures. FreedomPop was founded 2011. It offers mobile phone and internet services on the cheap and piggybacks off Sprint's network. It expects to reach a million users by the end of this year and find home in eight major U.S. cities, including New York and Houston.

TheStreet

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