Helium Mobile, the telecom service provider built on the crypto-powered Helium network, has been acquired by Andrew Yang’s Noble Mobile. Deal terms were not disclosed. The combined company aims to offer low-cost mobile plans, and Helium Mobile’s existing subscribers will experience a smooth transition, keeping their phone numbers and access to the T-Mobile-powered 5G network. Nova Labs, which founded Helium, will now focus on expanding the decentralized network, which is used by major carriers and generates thousands in daily revenue.
Helium Mobile has been acquired by Noble Mobile, the telecom firm owned by former presidential candidate Andrew Yang. The deal brings together two companies that share a commitment to providing affordable and accessible mobile connectivity.
Helium Mobile COO Frank Mong stated that subscribers were drawn to the alignment in values and vision. “Our subscribers deserve a home that shares our conviction that connectivity should be affordable and accessible to everyone,” Mong said.
Existing Helium Mobile customers will retain their phone numbers and network access. The service relies on both the T-Mobile 5G network and the underlying decentralized Helium network, which Noble Mobile has agreed to use.
The Helium network is a crowd-built system powered by nearly 139,000 mobile hotspots. Major carriers like AT&T and Telefonica use it to extend their cellular coverage.
Nova Labs, the creator of Helium, will now concentrate on network growth and onboarding more corporate clients. Mong explained the strategic shift was necessary to capture the network’s current momentum.
“Our network business is the largest opportunity in front of us,” said Mong. “To capture this momentum, we needed to find Helium Mobile the right steward while our team focuses on accelerating network expansion.”
The network’s model, which rewards hotspot operators with the Solana-based HNT token, remains unchanged. Data shows the mobile network serves over 2.6 million daily users and generates more than $47,000 daily in revenue.
The price of the HNT token has fallen nearly 7% in the last 24 hours, trading recently at $0.64. This represents a decline of approximately 28% over the past month.
