Open Mobile
 | |
| Open Mobile | |
| private Delaware corporation | |
| Industry | mobile network operator |
| Predecessor | NewComm Wireless Services (d/b/a Movistar) |
| Founded | June 12, 2007 (relaunch of Movistar) |
| Headquarters | Guaynabo, Puerto Rico |
Area served | Puerto Rico |
Key people | Juan Saca (President & CEO) |
| Owner |
M/C Partners Columbia Capital |
| Website |
www |
PRWireless (d/b/a Open Mobile) is a mobile network operator that offers mobile phone services exclusively in Puerto Rico. The company was established on June 12, 2007 as a relaunch of NewComm Wireless Services (formerly d/b/a Movistar). Its new owners, M/C Partners and Columbia Capital,[1][2] acquired Movistar's assets for $160 million USD[3] after Movistar filed for Chapter 11 bankruptcy protection on December 2006.
Open Mobile's business model is based on the advance payment and unlimited local call services. The company was able to achieve positive EBITDA after 5 months of its relaunch.
In 2014, Verizon Wireless signed a 2G and 3G roaming agreement with Open Mobile to allow Verizon customers to use Open Mobile's network without charge. This agreement came when Claro shut down the former Verizon CDMA network in Puerto Rico in favor of GSM, UMTS, and LTE.
References
- ↑ Open Mobile, PR Wireless, Inc., Company Profiles
- ↑ http://www.colcap.com/portfolio/wireless.html
- ↑ Open Mobile deploying $250M 4G LTE network before year’s end, by Michelle Kantrow, October 20, 2011, News is my Business™
External links
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