Open Mobile
Encyclopedia
PRWireless is a mobile network operator
offering 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.
Mobile network operator
A mobile network operator , also known as mobile phone operator , carrier service provider , wireless service provider, wireless carrier, or cellular company, or mobile network carrier is a telephone company that provides services for mobile phone subscribers.One essential...
offering mobile phone services
Mobile phone
A mobile phone is a device which can make and receive telephone calls over a radio link whilst moving around a wide geographic area. It does so by connecting to a cellular network provided by a mobile network operator...
exclusively in Puerto Rico
Puerto Rico
Puerto Rico , officially the Commonwealth of Puerto Rico , is an unincorporated territory of the United States, located in the northeastern Caribbean, east of the Dominican Republic and west of both the United States Virgin Islands and the British Virgin Islands.Puerto Rico comprises an...
. 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
United States dollar
The United States dollar , also referred to as the American dollar, is the official currency of the United States of America. It is divided into 100 smaller units called cents or pennies....
after Movistar filed for Chapter 11 bankruptcy protection
Chapter 11, Title 11, United States Code
Chapter 11 is a chapter of the United States Bankruptcy Code, which permits reorganization under the bankruptcy laws of the United States. Chapter 11 bankruptcy is available to every business, whether organized as a corporation or sole proprietorship, and to individuals, although it is most...
on December 2006.
Open Mobile's business model
Business model
A business model describes the rationale of how an organization creates, delivers, and captures value...
is based on the advance payment
Advance payment
An advance payment, or simply an advance, is the part of a contractually due sum that is paid in advance for goods or services, while the balance included in the invoice will only follow the delivery. It is called a prepaid expense in accrual accounting.-See also:*Advance against royalties*Pay or...
and unlimited local call
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;...
services. The company was able to achieve positive EBITDA after 5 months of its relaunch.