Revol Wireless
Parent Cleveland Unlimited, Inc. | | |
| Website | revol.com | |
|---|---|---|
Revol Wireless was a regional
History
Cleveland Unlimited purchased
Financial troubles and closing
In 2007, Revol contracted with Mobile Posse Inc. to place advertising on customers' mobile phone screens, a practice that most American wireless carriers had been reluctant to do, so as to not irritate customers. The practice was more common in Europe and Asia. Customers who downloaded the "Revol Perks" app received a one-time $10 discount on their billing statement.[2]
In September 2011, holders of the company's formerly outstanding Senior Secured Notes assumed full ownership of the company after Revol was unable to make payments on $150 million in debt it had taken on in 2005.[3] In November 2013, Revol announced that it had begun the process of selling its spectrum licenses to Sprint Corporation and that it intended to give its customers 30 days termination notice when the sale is complete.[4]
On December 16, 2013, Revol notified users via text messages and a notice on its website that it would be going out of business and service would be terminated as of January 16, 2014. Users were offered a free phone and month of service if they switched to Boost Mobile at participating stores between December 18 and December 24, 2013.[5]
References
- ^ "Columbia Capital - Portfolio". August 28, 2007. Archived from the original on 2012-10-03. Retrieved 2013-12-16.
- ^ "Wireless company asks cell phone users to view ads". Newspapers.com. Zanesville, Ohio: The Times Recorder. Associated Press. 20 May 2007. p. 3A. Retrieved 11 October 2023.
- ^ Soder, Chuck (November 15, 2013). "Revol Wireless working on deal to sell 12 wireless licenses to Sprint". Crain's Cleveland Business. Crain's Communications. Retrieved 2013-12-16.
- ^ Dano, Mike (November 14, 2013). "Sprint buys Revol's PCS spectrum licenses in Ohio as Revol winds down". Fierce Wireless. Retrieved 2013-11-27.
- ^ "An Important Message to Revol Customers: Revol Wireless is going out of business on January 16, 2014". Archived from the original on 2013-12-17. Retrieved 2013-12-16.