Open Mobile

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For other uses, see Open Mobile (disambiguation).
PRWireless, Inc.
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)
Website www.openmobilepr.com

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. Since 2015, the company began to offer safelink mobile re-certification procedures. [4]

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.

February 23, 2017: Sprint Puerto Rico & Open Mobile Puerto Rico

, Higher speed and capacity. Sprint and Open Mobile will have 68% and 32% of the economic interest and 55% and 45% of the interests to vote, respectively. Evercore served as financial advisor for Open Mobile in the transaction.

"The combination of Sprint and Open Mobile will put us in a better position for sustainable growth and long-term success in the competitive Puerto Rican market," said Claudio Hidalgo, Sprint Regional President for Florida, Puerto Rico and the Virgin Islands. "We will be able to operate more efficiently, integrating our employees, sales operations, our networks and bandwidth, creating an improved mobile experience for our customers."

"By analyzing the strengths of each company, we identified an excellent opportunity to join forces for the benefit of our customers and employees," said Juan Saca, CEO of Open Mobile. "Our employees will be able to offer more competitive plans and better wireless coverage, while our existing customers would have a wider variety of equipment to choose from and plans that would include domestic coverage and international roaming."

The joint venture will benefit from the strengths of Sprint and Open Mobile, and will be managed day by day in Puerto Rico by a president, who will be named soon. An independent Board of Directors will be created with representatives appointed by both companies. The closing of the transaction is subject to review and approval by the Federal Communications Commission (FCC), along with other regulators, which is expected to take several months.

Both companies will continue to operate separately, under their current brands, until the transaction closes. Open Mobile, Sprint, Boost Mobile and Virgin Mobile customers do not need to take action at this time. They may remain with their existing equipment and service plans. All customers can expect a seamless transition, and additional information will be provided when the transaction is closed.

About Sprint Sprint (NYSE: S) is a communications services company that offers more and better ways to connect your customers with the things that interest them most. As of December 31, 2016, Sprint has served more than 59.5 million connections. Sprint is widely recognized for developing, designing and using innovative technologies (such as the first 4G mobile service from a national phone provider in the United States), outperforming non-contract mobile phone brands (such as Virgin Mobile USA, Boost Mobile and Assurance Wireless) , By having the ability to "oppress and speak" instantly on a national and international level, and to provide its global Tier 1 Internet backbone. Sprint has been included in the Dow Jones Sustainability Index (DJSI) of North America for the last five years. For more general information and about Sprint, visit www.sprint.com, or www.facebook.com/SprintLatino and www.twitter.com/SprintLatino.

About Open Mobile: Open Mobile is a leading wireless communications company on the Island. It was established on June 12, 2007. It has a solid, modern and up-to-date network that can provide a flexible and high quality service to its customers. Currently, Open Mobile generates more than 300 direct jobs and operates more than 309 stores and distribution points. For more information on the products and services offered by Open Mobile, visit www.openmobilepr.com or www.facebook.com/openmobilepr and www.twitter.com/openmobilepr.

References[edit]

  1. ^ Open Mobile, PR Wireless, Inc., Company Profiles
  2. ^ "Columbia Capital". Retrieved 2 June 2016. 
  3. ^ Open Mobile deploying $250M 4G LTE network before year’s end, by Michelle Kantrow, October 20, 2011, News is my Business™
  4. ^ "www.safelink.com/recertify – Recertify Safelink Program Eligibility". 20 April 2016. 

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