Helium Developer Nova Labs Buys FreedomFi to Accelerate Push Into Mobile Service

Nova Labs acquires FreedomFi to accelerate rollout of Helium's mobile network LedesmaLyllah reports

Now, Nova Labs, the development company behind Helium, is pushing into the crucial, parallel realm of cellular networks.

In an interview, Nova CEO Amir Haleem declined to disclose the purchase price or comment on the terms of the acquisition. The Helium Network is a distributed network of long-range wireless hotspots, enabling anyone to own and operate a wireless network for low power Internet of Things devices. “Using a crypto incentive model to crowdsource deployments of cellular networks has the promise of finally making community-driven mobile networks a reality, bringing affordable and ubiquitous connectivity to more people” said Joey Padden, chief technology officer and co-founder of FreedomFi.

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