Tuesday, May 12, 2015
FreedomPop Plans Expansion In UK
Los Angeles-based FreedomPop, the free mobile broadband provider backed by DCM, Atomico, and Mangrove Partners, is planning to expand to the United Kingdom in the summer, the company disclosed Tuesday. FreedomPop is led by Stephen Stokols, who had previously been VP of Strategy and Product Development at British Telecom. The company leaked that it is in the midst of an effort to raise a "large" funding round via a strategic investor or venture investors, and--according to an article in TechCrunch--is considering an acquisition.