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TPO Raising Funds to Expand to US

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The U.S. prepaid market might soon get a new competitor, according to Reuters. The People’s Operator (TPO), a prepaid and postpaid mobile phone service company, has announced plans to list its shares in London in order to raise enough funds to expand across the pond. TPO offers both pay-as-you-go and contract plans at competitive rates and is expected to utilize Sprint’s network here in the U.S.

TPO was created in 2012 by Wikipedia founder Jimmy Wales and originally launched a pay-as-you-go service that would donate part of the proceeds to charity. In April of last year, the company expanded again to offer a contract service with unlimited voice, mobile and some data at extremely low rates.

In an unusual (but not unheard of) move for a phone company, TPO donates 10% of each monthly bill to a charity of the consumer’s choice. TPO has also pledged to donate 25% of their profits to charity as well. Currently there are two companies that offer charity donations in the U.S.: GIV Mobile (who donates 8%) and Credo Mobile (who donates 1%). We actually wrote a story outlining them last week.

It’s always exciting to see new companies rising and expanding, so we’ll definitely keep an eye on things. If you want to see what all TPO has to offer, why not check out their website and see what it’s all about?