LetterOne (L1) has formed a partnership with FreedomPop, the disruptive US based mobile provider, to expand mobile services, the company said.
L1 received clearance from the Committee on Foreign Investment in the United States to complete its USD50 million investment in FreedomPop to assist and accelerate FreedomPop´s international expansion.
The company said it is partnering with FreedomPop to extend its deep operating relationships and knowledge of, emerging markets and telecoms which will be crucial in helping FreedomPop achieve its global targets.
FreedomPop is a wireless internet and mobile phone service provider based in Los Angeles, California. The company provides wireless data, voice, and text services on Clearwire and Sprint´s network.
L1 Technology´s is an international investment business in Luxembourg.