iTalk announced it purchased ITG, a Texas-based provider of international calling cards, with the goal of expanding the sale of its Sprint Nextel (NYSE:S)-powered mobile data service.
Terms of iTalk's acquisition of ITG were not disclosed. iTalk said ITG generates over $1 million in annual revenues, and iTalk said it will market its mobile data products to ITG's customer base.
According to filings with the U.S. Securities and Exchange Commission, iTalk launched in Nevada in 2006 under the name Sopac Cellular Solutions Inc. with the intention of selling wireless technology and cell phone service to medium and large corporations. However, at the end of last year the company changed its name to iTalk and appointed CEO David F. Levy to "deliver mobile broadband wireless data transmission services primarily under the iData brand to subscribers through our mobile virtual network operator (MVNO) agreement with a sub provider on Sprint's nationwide network that utilizes third generation (3G) & (4G) code division multiple access (CDMA) technologies."
According to the filing, iTalk recorded a net loss of $23,939 for the three months that ended Feb. 28, 2013. As of Feb. 28, 2013, the company counted assets of $380 and liabilities of $83,302.
iTalk didn't immediately respond to questions from FierceBroadbandWireless about its operations. According to the company's SEC filings, it sells mobile broadband plans starting at $9.99.
On the company's website, iTalk offers a "Sleeve" and an iTalk app for the Apple iPod touch that uses "the iTalk cellular data network or Wi-Fi or connection to make and receive calls." The Sleeve is very similar to the WiMAX-capable iPod touch Sleeve sold by Sprint MVNO FreedomPop. Service for the iTalk Sleeve starts at $9.99 per month.
In fact, FreedomPop CEO Stephen Stokols confirmed to FierceBroadbandWireless that iTalk approached FreedomPop to purchase FreedomPop's Sleeve and then resell it with the iTalk brand. Stokols said the discussions between FreedomPop and iTalk did not end up in an agreement.
iTalk also sells the iData MiFi Mobile Broadband Hotspot for $69.99 that includes 2 GB of "4G mobile broadband Nationwide Data" for $29.99 per month. In addition, iTalk sells the Dell Inspiron Mini 10 Netbook and the Samsung Galaxy Tab 7 tablet, both of which include 250 MB of "mobile broadband Nationwide Data" for $99 per year.
For more:
- see this iTalk release
- see this iTalk SEC filing
- see iTalk's website
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