Jump to content

Sprint in Talks to Acquire FreedomPOP


marioc21

Recommended Posts

Well, I remember a fiercewireless story about freedompop talking to one of the big 4. Speculated that it was probably sprint. Now we have a little more light on the subject.

 

http://www.usatoday.com/story/tech/columnist/shinal/2014/11/12/tech-earnings-wrapup-new-tech-economy-john-shinal/18801555/

 

SAN FRANCISCO — Sprint Corp., the struggling No. 3 U.S. wireless player now owned by Japan's Softbank, is in talks with a Los Angeles-based wireless startup about a possible acquisition that could boost Sprint's revenue growth and lower its subscriber-acquisition costs, said two people familiar with the talks.

 

The talks are fluid, meaning they could lead to an investment, an acquisition or no deal between the companies. Other suitors have emerged for FreedomPop, among them a large U.S. technology company and a smaller wireless carrier, said these people.

 

An acquisition would likely value all of FreedomPop in a range between $250 million and $450 million, while an investment would value it closer to $200 million.

 

...

 

"Our goal next will be to get to postpaid phone net additions," which are the path to profitability for Sprint, Claure said on the conference call.

 

FreedomPop has been acquiring post-paid wireless subscribers on the cheap, then has held onto them thanks to plans that begin at $5 a month and a peer-to-peer platform for trading minutes.

 

The startup, which began life as a wireless hotspot provider, acquires 95% of its subscribers online, making its customer-acquisition costs of $4 per user a tiny fraction of Sprint's.

 

FreedomPop is converting 50% of consumers who try its free service into paying customers, company officials told me in an interview earlier this year.

 

The two companies have had a partnership for more than a year, with Sprint adding thousands of the startups users onto its wholesale wireless network.

..

 

 

 

 

 

  • Like 4
Link to comment
Share on other sites

Every story I see the begins like this: Sprint Corp., the struggling No. 3 U.S. wireless player now owned by Japan's Softbank ...

 

... reminds me of the mid-90s, when Apple couldn't be mentioned in any write-up without seeing the word beleaguered somewhere. It turned out OK for Apple, and it'll likely turn out OK for Sprint. It's just funny seeing the parallels. 

  • Like 9
Link to comment
Share on other sites

Every story I see the begins like this: Sprint Corp., the struggling No. 3 U.S. wireless player now owned by Japan's Softbank ...

 

... reminds me of the mid-90s, when Apple couldn't be mentioned in any write-up without seeing the word beleaguered somewhere. It turned out OK for Apple, and it'll likely turn out OK for Sprint. It's just funny seeing the parallels. 

On the flip side, the same thing was said of Commodore International, Palm, Northern Telecom (Nortel), WorldCom, and many others. They all eventually failed.

  • Like 2
Link to comment
Share on other sites

On the flip side, the same thing was said of Commodore International, Palm, Northern Telecom (Nortel), WorldCom, and many others. They all eventually failed. 

 

tumblr_ln4prk6FYV1qafeogo1_500.jpg

  • Like 11
Link to comment
Share on other sites

On the flip side, the same thing was said of Commodore International, Palm, Northern Telecom (Nortel), WorldCom, and many others. They all eventually failed.

 

buzzkill.png

  • Like 6
Link to comment
Share on other sites

I dont think sprint will fail. The wireless industry cant take just 3 competitors, according to the FCC. So if sprint did fail, how do you think the spectrum would get divided? If it ks a pay for spectrum thing Tmobile gets left out, and then screwed. Customer wise it would be a huge chunk headed for the Top 2 , a lot less of a percentage to Tmobile. Would be a bad scenario for Tmobile in the end.

Link to comment
Share on other sites

I would love this to remain a thread about Freedompop being bought out... would be interesting to see what Sprint changes -- as well as what others think will happen etc...

 

Right now I am very happy with my Freedompop phone as my second phone and I am not paying anything for it!  I miss tri-band but, it is saving me a lot of money. (I think it makes a great 2nd phone -- but I wouldn't use it as my primary phone due to being restricted to voip -- and data isn't always strong enough for that)... 

 

As far as the off topic discussion, I loved the Sprint compared Apple comment -- but that was rightfully followed up to a comment to Sprint compared to Commodore/Palm/etc... both are rather ludicrous comparisons, but funny.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • large.unreadcontent.png.6ef00db54e758d06

  • gallery_1_23_9202.png

  • Posts

    • The S21U was very spotty with connecting to 6E. It would only see it on a router reboot. I thought it was more the router than the S21U, however my laptop would solidly connect to the 6E network, so it must have been the S21U. Since I'm on WiFi7 with the S24U, I haven't kept track of it. I will flip over and check it out later. 
    • Wi-fi 6e missing (6 GHz on one of two ultras). Perhaps coming from an app?  Wifi analyzer can see the 6ghz, just can't see them to connect.  May try wifi reset, although communications reset could have been the source of this problem.  Others have reported it, so not an isolated issue. Edit: Fixed: Rebooted into safe mode. Wifi 6e worked. Normal boot back. No wifi 6e in available nerworks.  Unistalled Asus Router app. Checked for Wifi 6e being visible in wifi available networks. Nothing. Deleted Netgear Genie app. Then saw networks. of mine I had not connected to in wifi available networks. Forgot the desired 2.4&5&6 SSID that did not show 6E. Connected to it again. 6e now works.
    • I noticed today while I was out and about in Louisville that b30 has been widened back to 10x10. They reduced it to 5x5 back in Sept 2018 presumably due to satellite radio interference. Not sure how long ago the change happened but it couldn't have been too terribly long ago. I noticed the different earfcn in the neighbor list, I don't usually see b30 as pcc much but I wonder if that will change now. I locked my phone to b30 only on my drive home from work and noticed the new(old?) earfcn on every site, so it wasn't just a 1 or 2 site fluke. It also looks like they've been doing some fiber or other cabling work around the b2/b46 small cell nodes, I wonder if they are about to start adding c-band radios to those. 
    • Should trade it for some low-band there or elsewhere. AT&T dominates lowband.    
    • I checked existing spectrum holdings and selling 5x5 PCS to each of VZW and AT&T in Kauai would get them to 20x20 apiece there, which should make them happy. In Maui it makes more sense to sell 5x5 each of PCS and AWS to get VZW 20x20 AWS and AT&T 15x15 PCS. I figure it would be a sale rather than a swap, as neither of the other two have spectrum T-Mobile would want that's high-frequency enough to avoid the spectrum screen. Honestly, T-Mobile is strong enough in Hawaii from a capacity perspective that cutting down PCS/AWS holdings won't hurt, particularly in exchange for finally unlocking 2.5 (though in Maui I saw 140 MHz n41 regularly in September if I remember correctly).
  • Recently Browsing

    • No registered users viewing this page.
×
×
  • Create New...