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L1 invests US$50m in WiFi-based carrier FreedomPop to fund expansion plans

Connectivity BusinessbyConnectivity Business
August 30, 2016
in Space Services, Strategy and Markets
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Russian billionaire Mikhail Fridman’s investment business LetterOne (L1) has revealed it has injected US$50m into FreedomPop as the US wireless internet mobile service provider plans to expand in Asia, Europe and Latin America. Los Angeles-based FreedomPop, founded in 2012 by CEO Stephen Stokols (pictured) and COO Steven Sesar, provides wireless data, voice and text services on Clearwire’s and Sprint’s networks and […]

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Tags: AltimoClearwire CorporationDCMFreedomPopLetterOneMangrove CapitalMcKinsey & CompanyNorth AmericaPremiumSkypeSprint CorporationTF248TurkcellUberVimpelCom
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