Open Mobile is a

mobile network operator A mobile network operator (MNO), also known as a wireless service provider, wireless carrier, cellular company, or mobile network carrier, is a provider of wireless communications services that owns or controls all the elements necessary to sell ...

that offers mobile phone services exclusively in

Puerto Rico Puerto Rico (; abbreviated PR; tnq, Boriken, ''Borinquen''), officially the Commonwealth of Puerto Rico ( es, link=yes, Estado Libre Asociado de Puerto Rico, lit=Free Associated State of Puerto Rico), is a Caribbean island and Unincorporated ...

. 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 M/C Partners is a private equity firm focused on growth equity investments in emerging companies in the media and communications industries. M/C invests in early, mid, and late stage companies as well as turnarounds and buyouts in its sectors ...

and Columbia Capital, acquired Movistar's assets for $160 million

USD The United States dollar (symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official ...

after Movistar filed for

Chapter 11 bankruptcy protection Chapter 11 of the United States Bankruptcy Code (Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, wheth ...

in December 2006. Open Mobile's business model is based on the

advance payment An advance payment, or simply an advance, is the part of a contractually due sum that is paid or received in advance for goods or services, while the balance included in the invoice will only follow the delivery. Advance payments are recorded as a ...

and unlimited

local call In telephony, the term local call has the following meanings: # Any call using a single switching center; that is, not traveling to another telephone network; # A call made within a local calling area as defined by the local exchange carrier; # A ...

services. The company was able to achieve positive

EBITDA A company's earnings before interest, taxes, depreciation, and amortization (commonly abbreviated EBITDA, pronounced , , or ) is a measure of a company's profitability of the operating business only, thus before any effects of indebtedness, stat ...

after 5 months of its relaunch. Since 2015, the company began to offer safelink mobile re-certification procedures. In 2014,

Verizon Wireless Verizon is an American wireless network operator that previously operated as a separate division of Verizon Communications under the name Verizon Wireless. In a 2019 reorganization, Verizon moved the wireless products and services into the divi ...

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. On February 23, 2017, Sprint and Open Mobile announced an agreement to combine their businesses in Puerto Rico and the U.S. Virgin Islands into a new joint venture. Both companies will continue to operate separately until the transaction closes. The transaction close is subject to review and approval by the Federal Communications Commission, along with other regulatory authorities, which is expected to take several months. The merger was approved in September 2017, with Sprint becoming the majority shareholder. In the summer of 2018, all of the Open Mobile stores were changed to Boost Mobile stores. As part of Sprint's merger with

T-Mobile T-Mobile is the brand name used by some of the mobile communications subsidiaries of the German telecommunications company Deutsche Telekom AG in the Czech Republic (T-Mobile Czech Republic), Poland (T-Mobile Polska), the United States (T-Mobile ...

, Open Mobile customers will be transferred to T-Mobile. Customers who choose not to be transferred will be able to find a new carrier.

References

Companies that filed for Chapter 11 bankruptcy in 2006 Companies of Puerto Rico {{Telecom-company-stub