Intel and Axiata-backed mobile service provider FreedomPop has closed the $50m in funding it announced in January and named LetterOne as the investor.
Investment firm LetterOne invested $50m today in FreedomPop, a US-based mobile service provider that counts semiconductor technology manufacturer Intel and telecommunications group Axiata as investors.
Founded in 2012, FreedomPop provides freemium wireless data, voice and text services on networks owned by telecom operators Clearwire and Sprint.
FreedomPop expanded from the US to the UK and Spain earlier this year and intends to move into another eight markets by the end of 2017, and across Asia, Europe and Latin America afterwards.
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