Wednesday 12 November 2014

Sprint reportedly interested in acquiring FreedomPop

FreedomPop logo


FreedomPop has been around for a couple of years now, existing as a Sprint mobile virtual network operator (MVNO) that offers free minutes and megabytes to consumers each month along with paid options. Now a new rumor suggests that instead of simply leasing some of its network to FreedomPop, Sprint may buy up the operator.


Sources speaking to USA Today claim that Sprint is “in talks” with FreedomPop to acquire the MVNO. Sprint is reportedly considering multiple options, including a full-on acquisition that could cost between $250 million and $450 million, as well as an investment that’d see Sprint drop $200 million.


A possible FreedomPop acquisition would see Sprint try to increase its revenue. The big yellow carrier hasn’t been doing super hot lately, and new CEO Marcelo Claure has been looking for ways to turn things around for his carrier. Acquiring or investing in FreedomPop could get some more cash flowing into Sprint's business, which could be helpful since Sprint posted a $765 million loss in its most recent quarterly earnings.


Via USA Today






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