FreedomPop is a mobile phone and wireless internet service provider based in Los Angeles, California. The company was founded in 2011 with a dedicated goal of eliminating the digital gap through provision of free mobile phone services and wireless internet access to each person wherever they are located. Backed by companies such as Doll Capital Management, Mangrove Capital and Atomico, FreedomPop was founded by its current CEO Stephen Stokols together with Stevan Sesar. It sells tablets, mobile phones and broadband devices that are used with their services.
FreedomPop is laying its strategy of success through the utilization of well-placed Wi-Fi routers around the country to reduce cell phone costs. Stephen Stokols gained important experience prior to setting up his company as he served as a CEO of a video-chat and entertainment company Woo Media. The company sold its first smartphones in October of 2012 and in the same month managed to convert to paid users 5% of its free users. As a boost in its quest to expansion, the company increased its paid users to reach to 10% in November 2012. A further 10% of its users were converted from free to paid users to reach 20% by December 2012.
According to a Freedompop review, the company has been offering its free cellular services on Sprint’s network with a plan to expand its services to Wi-Fi to tap more customers who use Android devices through the use of an Android app while iPhone users will also be able to access the services in a couple of weeks once the iPhone app has been fully developed. The move is aimed at giving customers access to over 10 million hotspots for $5 a month. The main aim of this company is to create a better and cheaper alternative to the expensive cell phone plans on offer in the market. The company’s CEO has always expressed his vision to make his company a giant tech in the near future and expects the number of customers to swell above 20 million within this year.
FreedomPop is working with companies providing Wi-Fi hotspots all over the country. This is being facilitated by their software that is enabling smartphones to automatically join these Wi-Fi networks whenever they are available, meaning they need not to connect to the networks manually. This will enable its users to utilize the more than 10 million hot spots spread across the country, some of which are not openly available to the general public, for $5 each month. The company has already