FreedomPop has commenced the Black Friday promotions to offer customers discounted prices for its products as well as services. Customers are offered a Motorola E smartphone for as low as $40, or a Samsung Galaxy S4 for only $100. These devices are not the latest models, but are refurbished ones with LTE services available on Sprint’s domestic network. In addition to these offers, the devices are connected to free unlimited voice, text and 1 gigabyte of data for one month. After this mega offer, customers revert to the standard offers by FreedomPop of 500MB of data, 500 free call time and 500 texts.
FreedomPop started in late 2012 had expected its clients to hit one million by the end of the year. Recently, the company announced that Intel Capital had injected undisclosed amount of cash for its expansion projects for its smartphone portfolio. As such, FreedomPop is planning to launch a Wi-Fi model next year which will be using Intel’s Sofia initiative. This was in wake of another investment by Axiata Group, a telecom operator serving over 230 million customers across Asia injected $10 million in its new projects. FreedomPop plans to apply its technology, network from Axiata, Intel’s funding and its experience to offer free services to millions of customers using mobile phones.
FreedomPop is engaging with other major global carriers for possible deals that would improve its service delivery to its customers. In June 2015, FreedomPop was funded to a turn of $30 million by existing investors Mangrove Capital and DCM Capital and a new investor by the name Partech Ventures. According to the Chief Executive officer at FreedomPop, Stephen Stokols, the aim of the company is to seek new investments that would result in new opportunities and growth. The CEO expects the company to accelerate its expansion especially on the global platform within the next one to two years.