Ultra Mobile is a Mobile virtual network operator (MVNO), founded in 2012, which sells low-cost prepaid mobile phone services with unlimited international calling and text plans, operating on T-Mobile's cellular network in the United States. They offer unlimited calling to 75 countries, and access to over 200 countries.
In 2015, Ultra Mobile was ranked number #1 on Inc. Magazine's list of the 5,000 fastest growing private companies in the United States, with a year-over-year growth rate of 100,849% and revenues of $118 million in 2014, up from less than a million in 2012. As of 2016, Ultra Mobile was available in over 25,000 retail stores in the US, including Target and 7-Eleven.
The company's business model is based on selling sim cards which can be used with prepaid plans on unlocked phones. This contrasts to selling long terms contracts with a free or discounted locked phone, a model which is currently more prevalent in the USA than in other parts of the world. They also offer the option to limit data download speeds, with three different 'throttle' settings, as to prevent large downloads such as videos from consuming large amounts of bandwidth.
The company was co-Founded by current CEO David Glickman, who has previous founded companies such as TelePacific Communications, Justice Technology, and Primo Connect. Ultra Mobile has approximately 150 employees across the US, Europe, and Asia, and has focused on hiring Millennials.
The privately held company has co-headquarters in Costa Mesa, California, and additional offices in Manhattan, NY.
Video Ultra Mobile
Brands
Ultra Mobile is the company's flagship brand, which offers broad international calling plans targeted to diverse diasporic communities in the United States, with the company specifically targeting people born outside of the USA.
In January 2016, the company acquired rights from Univision Communications to manage the Univision Mobile brand, another T-Mobile MVNO partner which specializes in US SIM-based international calling plans for calls to Latin American countries. In May 2017, Ultra Mobile announced that it was closing down the Univision Mobile brand and that it would automatically transfer all Univision Mobile subscribers over to Ultra Mobile.
In August 2016, Ultra Mobile launched Mint SIM, an online-only MVNO specializing in prepaid mobile plans on the T-Mobile cellular network, which provides discounted pricing based on monthly terms paid in advance.
Maps Ultra Mobile
References
Source of article : Wikipedia
0 Comments