Acquisitions between carriers seem to have become somewhat of a regular occurrence, with talks of Sprint and T-mobile having gone on for months only to dissolve right before our very eyes. Further talks commenced in regards to a possible acquisition of T-mobile by French carrier iliad, although reports had quickly surfaced that both parent company Deutsche Telekom and T-mobile rejected the offers. The newest bit of news regarding a carrier buyout ties to Sprint MVNO FreedomPop, a low cost and sometimes no cost wireless provider where consumers can get varied packages of phone service based off of their needs. The most basic of packages offered by FreedomPop costs nothing per month, which puts their name to good use, and thus freeing you from your wireless carrier even on a cost front.
FreedomPop CEO Stephen Stokols has seemingly confirmed to Fierce Wireless that they were definitely of interest to potential buyers, but declined to mention who might be the prospective parties interested. So far all the details that seem to be known at this point in time are that it’s a “major carrier,” which really tells us little about who could be looking at FreedomPop as a future investment. It’s also possible that this deal may never see the light of day as things are said to be in the early stages. For now, things are merely a possibility but in the future FreedomPop could be part of a larger carrier than Sprint.
FreedomPop seems to be taking the idea of the acquisition seriously as Stokols stated they are considering it. This could well be a change in the light of the new things happening at Sprint, with changes brought on by their new CEO Marcelo Claure, beginning with new cheaper plans, and promises of more things shifting around in the near future like network improvement. At this point in time it’s still unconfirmed whether or not the swap of Sprint CEO had anything to do with facilitating this buyout. It’s possible though that even with FreedomPop’s growth, they could be costing Sprint more to maintain than they want. Something that wouldn’t be unjustified with them trying to do everything they can to save money and make necessary changes to their network to compete with rivals Verizon Wireless and AT&T.
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