According to RCRWireless FreedomPop which has been around for three years now and intends to reach the seven figure customer mark by the end of the year, recently offered an enormous deal on phones during the Thanksgiving holiday shopping extravaganza. Anyone who was able to take advantage of this promotion which lasted through November 27th got a first class deal. They were offering a Smart phone by Motorola for $190 off the original price, which meant customers had the opportunity to purchase a smartphone for a whopping $40 and they even threw in a free month of service which came with both calling and texting, unlimited on both, so no need to track those call, as well as one gigabyte of data.
If Motorola was not what the customer wanted they could instead go with a Galaxy S4 Smartphone and that they discounted by $350 so the cost was $100 per phone. This phone also came with the same calling package which was free for the first month. If the customer decided to continue service they would receive 500 minutes of talk, 500 text messages and 500 Megabytes of data. The company is also looking to offer a WiFi Model next year at some point.
FreedomPop is looking at going from a wholesale strategy to a commercial strategy over time. At this point Intel Capital is considered to be one of their major financial supporters. Currently the company uses the Sprint Network but that maybe changing at some point in the future. During the past summer FreedomPop received funding from DCM, Partech and Mangrove in the amount of 30 Million dollars.
FreedomPop has had plenty of opportunity to sell but according to CEO Stephen Stokol, the timing was not right but there is a chance for it in the future. He left it at in the next 1 -2 years anything is possible with selling but there is a need to see further growth.