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FreedomPop Rolls Out $49 Annual Mobile Phone Plan

Tired of forking over what amounts to nearly a car payment worth of dollars for your mobile phone plan every month? Los Angeles-based FreedomPop has rolled out a new, annual mobile phone plan which costs a mere $49 for an entire year, including 1,000 minutes, 1,000 texts and 1 GB of data per month. According to FreedomPop, it's looking to move the mobile phone industry to an "internet-centric' model similar to Dropbox, LinkedIn, and others with the move. FreedomPop is a MVNO, using the networks of third party, wireless carriers for its own network. The company's CEO and co-founder is Stephen Stokols.