Industry mobile operator Founded 12 June 2007 | Headquarters Guaynabo | |
 | ||
Trading name Open Mobile (Change to Joint Venture November 2017) Predecessor NewComm Wireless Services (d/b/a Movistar) Key people Juan Saca (President & CEO)Open MobileMarcelo Claure CEOSprintMasayoshi Son, ChairmanSprint Website www.openmobilepr.comwww.sprint.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, 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. Since 2015, the company began to offer safelink mobile re-certification procedures.
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.