cdmagurus.com
12-01-2016, 10:21 AM
Bandwidth.com today said it will divest its Republic Wireless business, spinning the company off into a separate business. Republic Wireless has been selling low-cost service since 2011. It relies mostly on WiFi, but when WiFi is not available its customers are able to connect via the networks of Sprint and T-Mobile. Bandwidth.com also powers Alphabet's Fi service and Microsoft's Skype service. Bandwidth.com's leadership feel Republic has grown enough thanks to its 300,000 subscribers and $100 million in annual revenue, and its time the company stood on its own. Moreover, Republic competes with Bandwidth.com properties such as Fi and it no longer makes sense to house competing products under the same roof. Once the spin-off is complete, Bandwidth.com chief operating officer Chris Chuang will be named CEO of Republic Wireless. Republic does not intend to make any immediate chances to its existing service plans.
More... (http://www.phonescoop.com/articles/article.php?a=18452)
More... (http://www.phonescoop.com/articles/article.php?a=18452)