FreedomPop is a company that has been gaining momentum as it grows. The Los Angeles based company is now expanding globally with their new hotspot and SIM. This new system basically funnels cellular networks worldwide into one unified data connection. The release was initially launched in the UK and the USA, with free data plans. The plan comes free after you buy your device to use it on of course.
Before the year is over, the company intends to be active in over 40 countries. The hotspot is bound to do great at launch, considering it’s the only one like it on the market. The initial price will be $49.99, increasing to $99.99 at a later date. The global SIM will be at a price point of $10. The SIM will also be updated as new locations are added to the network. Initially you’ll start out with 200MB of free data. The hope for the company is that you’ll upgrade to the 500MB option. This comes at a cost of $10.
The average of customer upgrades is around 40%. The plan seems to be working as intended. FreedomPop has been accumulating funding at a rapid pace as well. The result being in the range of $109 million. The company was quoted as stating “This new financing not only validates our capabilities, but it also ensures that FreedomPop has the capital required to become a top 10 global service provider.” This quote comes from co-founder Steven Sesar.
People are understandably excited about the prospect of free web access worldwide with no roaming fees. This is a big move for a rapidly growing company. For the whole story from PCmag.com, just click the link here.
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