The FreedomPop brand is growing in popularity across the world as the data bundles offered by the company are seen as the future of mobile device usage by many. FreedomPop is now one linked to many major networks across North America, including super fast options provided by fast food restaurants and department stores to their customers. FreedomPop offers the chance for its users to hop from wireless service to wireless service to use voice, text and data services all linked to the wireless bundle plan chosen from the company.
FreedomPop CEO Stephen Stokols now believes the company can reach one million customers by the end of 2015, particularly when taking into account a recently announced linkup with the Three network from the United Kingdom. The success of the company has not gone unnoticed and led Stokols and his investors to decide whether future investment or a sale was their best option. Eventually, FreedomPop was left as an independent company after Stokols was inspired to go it alone by the plot lines of TV show Silicon Valley, according to Recode.
As many as six bids in the low hundreds of millions have been turned down for the wireless network provider from unnamed companies. Stokols and the rest of the FreedomPop backers decided to invest in the company and try to build a service provider valued at around $1 billion through major investments. FreedomPop has already found around $30 million worth of investment and will follow this up with agreements with hardware companies and retailers in the coming months to add to the valuation.