Mobi PCS, Inc.

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Mobi PCS, Inc. - overview

Location

Honolulu, HI, US

Primary Industry

Telecoms

About

Mobi PCS, Inc. specializes in mobile telecommunications services, offering flexible and affordable solutions tailored for individual consumers seeking straightforward mobile plans without long-term contracts. Mobi PCS, Inc. provides mobile telecommunications services to individual consumers.


Founded in 2003 by Jitin Masand and supported by investment from M/C Venture Partners and Columbia Capital, the company is headquartered in Honolulu, US. Mobi has undergone various strategic developments and continues to refine its offerings based on user feedback, with a focus on nationwide coverage, particularly in Hawaii. Mobi offers a range of mobile telecommunications services designed to provide users with flexibility and affordability. Their core product includes unlimited talk and text coupled with 1GB of high-speed data, with additional data available at a rate of USD 3.


99 per gigabyte. This service is targeted at individual consumers looking for cost-effective mobile solutions without being locked into long-term contracts. Mobi positions itself as a competitive player within the telecommunications sector by leveraging partnerships with larger carriers to ensure comprehensive nationwide coverage, particularly throughout the United States, including Hawaii. Their customer base consists primarily of individual users seeking straightforward mobile plans that prioritize affordability and customer service.


As Mobi is currently in beta testing, it continues to refine its offerings based on user feedback and market demand. Mobi generates revenue primarily through direct-to-consumer transactions involving its mobile service plans. Customers subscribe to Mobi's services, establishing month-to-month billing cycles that include unlimited talk, text, and an initial data allowance. The service structure is designed to attract users who prefer to manage their data consumption actively, providing a transparent pricing model without hidden fees or contracts.


Customers who utilize additional data beyond the initial 1GB incur charges at the specified rate of USD 3. 99 per gigabyte. Mobi also offers financing options for new phone purchases, allowing customers to spread payments over two years while Mobi covers the interest costs. This approach enhances customer acquisition and retention by reducing the upfront financial barrier for new devices.


Mobi PCS plans to enhance its offerings with new products currently in development, although specific release dates have not been disclosed. The company is also targeting expansion into additional markets beyond their current base in Hawaii, with plans to broaden their services in the continental US by the end of 2024. Funding from their most recent investment round dated June 1, 2003, will support these initiatives, allowing Mobi to strengthen its infrastructure and enhance customer service capabilities as it grows.


Current Investors

Columbia Capital, M|C Partners

Primary Industry

Telecoms

Sub Industries

Telecoms Providers & Services

Website

www.mobipcs.com

Company Stage

Mature - Buyout

Total Amount Raised

Subscriber access only

Mobi PCS, Inc. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
BuyoutCompletedMobi PCS, Inc.-

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Mobi PCS, Inc. - employee data

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