FreedomPop Completes Successful Sale of Retail MVNO Business To Focus Exclusively On SaaS Platform Providing Companies With Unique Digital Transformation Capabilities
Summary
This week, STS Media, Inc., which operates the highly publicized FreedomPop wireless brand, successfully completed the sale of its consumer business to Red Pocket Mobile. Since launching five years ago, FreedomPop has added millions of subscribers to its disruptive free voice, text and data services. Boasting extensive nationwide distribution along with strong partnerships with major online retailers including eBay and Amazon, Red Pocket has been awarded an A+ rating by the Better Business Bureau and has garnered an industry-leading 4 out of 5 stars on TrustPilot. “We feel that Red Pocket was the best company to grow the FreedomPop brand and consumer experience for our existing users,” said Stephen Stokols, CEO and Chairman of STS Media Inc. “We look forward to supporting their continued growth and focusing more exclusively on our exploding SaaS business providing companies with unique acquisition, up-sell and digital transformation capabilities,” he added. In 2017, STS Media Inc. began licensing out its capabilities and today helps carriers and financial institutions around the world drive higher ARPU and lower SAC via it’s AccelerateFP platform.