Thursday, November 13, 2014

Report: Sprint to buy FreedomPop for as much as $450 million

The nation's third largest carrier, Sprint, is reportedly interested in buying MVNO FreedomPop. The latter is known for its low priced service that uses a combination of Wi-Fi and Sprint's nationwide network, to provide wireless service to its customers. A purchase of the upstart wireless provider could cost Sprint $250 million to as much as $450 million. If Sprint decides to make an investment in the company, it could lay out as much as $200 million. Rumors of Sprint's interest in the MVNO started around the time that it decided to abandon talks with T-Mobile about a merger.



A purchase ...



from PhoneArena - News http://ift.tt/1u5WOS9

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