PRWireless (d/b/a Open Mobile) is a mobile network operator offering 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, acquired Movistar's assets for $160 million USD 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.
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