FreedomPop Completes Successful Sale of Retail MVNO Business To Focus Exclusively On SaaS Platform Providing Companies With Unique Digital Transformation Capabilities

LOS ANGELES, June 07, 2019 /PRNewswire-PRWeb/ -- 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. In addition to offering the lowest cost mobile plans in the market, starting at free. FreedomPop also introduced multiple innovations including Wi-Fi calling, data rollover, annual plans and virtual numbers.

Founded in 2006, Red Pocket Mobile is the only wireless brand operating on all of the major networks in the US. 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.

"We are excited to take FreedomPop to the next level," said Joshua Gordon, Founder and CEO of Red Pocket Mobile. "Combining Red Pocket's ability to connect virtually any mobile phone in America along with our top-rated customer service together with FreedomPop's disruptive legacy creates a hyper-innovative, relentlessly customer-focused service offering that will change the wireless landscape."

The Red Pocket acquisition includes all remaining aspects of FreedomPop's retail business. Last month, STS divested all Sprint-based subscribers to a third party in a separate and unrelated transaction. Transaction details were undisclosed

About STS Media Inc.
STS Media Inc, launched in 2012, is backed by Mangrove Capital, Intel, DCM and Skype Founder Niklas Zennstom's Atomico. 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. Today, it powers digital acquisition, subscriber monetization and digital transformation for some of the world's most successful telecoms and financial services companies.

About Red Pocket Mobile
Red Pocket Mobile offers contract-free mobile phone service on all of the nation's top networks. With Red Pocket, you can use virtually any cell phone, keep your number, and save money. Launched in 2006, Red Pocket Mobile is proud to be an American-owned company. For more information, visit: http://www.redpocket.com.

SOURCE FreedomPop