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Giving someone my Freedom Mobil Account

• Last Updated:

Sep 4th, 2017 5:56 pm

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Sep 4th, 2017 5:24 pm

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Sep 4th, 2017 5:40 pm

peji911 wrote: ↑ So my friends wants to take over my Freedom account because it's unlimited Data, Minutes and Text (no voicemail) for $33 a month, taxes in. He offered to buy the phone for my next contract because he badly wants this one as it's a nice little grandfathered account. Is there a way to do this on Freedom?

Sep 4th, 2017 5:45 pm

tk1000 wrote: ↑ Freedom calls this 'transferring ownership' Can I transfer ownership of my service to someone else? Yes, you can transfer ownership of your service at any time. In order to transfer ownership of your service we require consent from both yourself and the person you are transferring ownership to. Give us a call by dialling 611 from your phone or 1-877-946-3184 and we can help you with the details. IMPORTANT: MyTab is not transferrable. It is important to note that MyTab agreements are non-transferable. Prior to initiating the transfer of ownership any existing MyTab needs to be paid off by the current account holder. from https://www.freedommobile.ca/my-account ... 0a00f64c51

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A one-time connection fee of up to $45 will apply to each new line or device activation/upgrade. All Freedom Mobile services are subject to our  Terms of Service, MyTab Additional Terms of Service , TradeUp Additional Terms of Service , Fair Usage Policy  and  Privacy Policy .

*Starting July 24 2023, all Freedom Mobile subscribers (excluding prepaid by the year customers, non-monthly rate plan customers, and select applicable plans) that have recurring Freedom Network and/or Nationwide data allotments will have their Freedom Network and/or Nationwide data converted into Freedom Nationwide data. Freedom Nationwide data is defined as data that can be used on both Freedom and Canadian partner networks. Only recurring Freedom data and/or Nationwide data will be converted to Freedom Nationwide data. This excludes Data Passes, Big Binge Bonus Data and Pay Per Use data amounts. 

**Starting Jul 24, 2023, subscribers who are on a $39 per month and above rate plan (after Digital Discount where applicable) will have 5G speeds available to them. To access 5G speeds, the subscriber needs to be on a 5G eligible rate plan, needs to have a 5G enabled device with a 5G enabled SIM card and needs to be in a 5G coverage area.

1. MyTab monthly payment required.

Savings based on Regular Selling Price. MyTab monthly payment required for 24 months. Conditions apply. Offer subject to change or cancellation without notice. Taxes, government fees and pay-per-use charges are extra. Early cancellation fees apply. For TradeUp, additional savings are contingent on return of device in eligible condition within month 24.

2. Applicable taxes extra.

3. Digital Discount  

Digital Discount promotion is subject to change or cancellation without notice. To be eligible to receive the $5/month Digital Discount, you must (i) be subscribed to a Prepaid or Postpaid line on an eligible plan (in-market plans, except for Prepaid By The Year, Tablet and Watch plans), (ii) sign up for Auto Pay (pre-authorized payments), (iii) have an active and valid Auto Pay method on file, and (iv) redeem the “Digital Discount” promo code at a Freedom Mobile retail location or through your My Account. The promo code can only be applied once to each eligible line. A $5 monthly discount will start to be applied on your next top-up date following promo code redemption (for Prepaid customers), or on your next bill following promo code redemption (for Postpaid customers). Postpaid customers: you must complete the above eligibility requirements on the same day you activate your eligible plan to ensure the discount is received on your first/next bill. If you are not eligible for the promotion during any month, that monthly discount will be entirely forfeited and cannot be made up. If you qualify for the discount in the months following the ineligible month, you will receive the discount in those subsequent months. Movement between eligible plans will not result in the loss of the monthly discount. Your service will no longer be eligible for the discount if you: (a) Change your rate plan to a non-eligible plan, or (b) Port your number away from Freedom Mobile. Applicable taxes extra.

4. Unlimited Plans Data Policy

Freedom Mobile’s unlimited data plans include (depending on your selected plan) from 20GB to 50GB of full-speed data that can be used at 5G speeds on the Freedom network (where available) and at 4G speeds (up to 100 Mbps) on partner networks in Nationwide, the U.S., and Mexico (as applicable, see freedommobile.ca/plans for plan details). See freedommobile.ca/coverage for more information on Freedom’s coverage area. Once your full-speed allotment is depleted, you will continue to have access to data services, with no data overage fees, but at a slower speed – of up to 256 kilobits per second (for downloads) and 128 kilobits per second (for uploads) on the Freedom Network, and up to 128 kilobits per second (for downloads) and 64 kilobits per second (for uploads) on partner networks in Nationwide, the U.S., and Mexico (as applicable) – until the end of your current billing cycle. Applications such as web browsing, email, instant messaging, voice over IP services, or low-quality audio streaming will continue to work, but at a slower speed. Applications that normally require greater bandwidth, such as video streaming or peer-to-peer file sharing will also continue to work, but the slower speed may affect application performance. We will send you a text message notifying you when you have used 70% and 100% of the full-speed allotment included in your plan, at which point you may choose to purchase a data add-on to add more full-speed data to your plan. In all cases, usage is subject to the Freedom Mobile Terms of Service and Fair Usage Policy.

5. 5G Access

5G access is available with a 5G plan, a 5G compatible phone, and when you're within 5G network coverage area.

6. Bonus Data Offer

Offer is subject to change or cancellation without notice. To be eligible for the promotion, you must subscribe to an eligible plan during the promotion period.

The offer is not available to existing customers who upgrade their phone through My Account. Eligible plans for each bonus data amount are:

250MB Bonus: Nationwide 4G 250MB

1GB Bonus: Nationwide 4G 1GB

3GB Bonus: Nationwide 4G 3GB

10GB Bonus: Nationwide Unlimited 20GB / 30GB + 5G, Nationwide Unlimited 40GB + 5G (with U.S.) and Nationwide Unlimited 50GB + 5G (with U.S.-Mexico)

You will receive the additional data every month as long as you remain active on an eligible plan for that bonus data amount.

7. Student Offer

Offer is available for a limited time at participating Freedom Mobile locations and is subject to change or cancellation without notice. Applicable taxes extra. $45/mo. is based on a $55/mo. plan after Digital Discount, less the $10 student offer for 24 months. 50GB is based on a 25GB plan with 25GB of bonus data. To be eligible for the student offer, you must activate a new line on an eligible plan ($55+/mo. after Digital Discount) and have a promo code applied during the promotion period. You must be a student of an eligible post-secondary institution, and during the new activation must: (i) show proof of enrollment (either a student ID or enrollment letter), (ii) use an eligible student email address on the account (each email address can only be used once) and (iii) create a new 1-line account (new lines on existing accounts are not eligible). The credits will start to be applied as a bill adjustment before tax on your 2nd bill. You will receive a $10 discount off the monthly price of the plan for 24 months and 25GB of bonus data for long as you remain active on an eligible plan. Each promo code can only be used once and applies to one line only - not the full account. The promotion may not be combined with any other recurring discount promotions, except for Digital Discount. Your service will no longer be eligible for the discount if you: (a) Change your rate plan to a non-eligible plan, (b) change your email address from a student domain to an ineligible domain.

8. Samsung Phone + Tablet Offer

Offer is available for a limited time and is subject to change or cancellation without notice, at participating Freedom Mobile locations only. Applicable taxes extra. Tablet plan data speeds of up to 100 Mbps. $402 in savings is based on a Samsung Galaxy Tab A7 Lite tablet with a $0 Monthly MyTab Charge on a 24-month services agreement ($312 in savings based on Regular Selling Price) and a $15/month discount off the Tablet plan for 6 months. To be eligible for the promotion, you must: a) activate a new service or upgrade your phone to an Eligible Samsung Phone with MyTab on a current in-market $39/month (after Digital Discount) or higher plan and b) activate a new service on a Samsung Galaxy Tab A7 Lite tablet with MyTab, along with the Tablet 5GB plan. Both the Eligible Samsung Phone and Samsung Galaxy Tab A7 Lite tablet must be activated on the same account on the same day, each on a 24-month services agreement. Eligible Samsung Phones are limited to: Samsung Galaxy A03s/14/54, S21/S23 FE, Z Flip5, Z Fold5, S22/23 Series. You’ll receive a $15 monthly credit on your account for up to 6 months to offset the $15/month price of the tablet plan. The credits will start to be applied to your account as a bill adjustment before tax on your 2nd bill. The credits will be applied as long as your account is active and as long as you continue to be eligible. The promotion may not be combined with any other in-market offer, except for Digital Discount. Your service will no longer be eligible for the promotion if you: a) downgrade your phone rate plan to a non-eligible plan; b) return either the Eligible Samsung Phone or Samsung Galaxy Tab A7 Lite tablet, or c) port either number away from Freedom Mobile. If you are not eligible for the promotion during any month, that credit will be entirely forfeited and cannot be made up. If you qualify for the credit in the months following the ineligible month, you will continue to receive the credit as applicable. Early cancellation fees apply. If you migrate to another plan within 24 months, Freedom Mobile reserves the right to either charge you a fee equal to all, or a prorated part, of the $312 in savings received, or move you back to the Tablet 4G 5GB plan.

9. Standard Voicemail

Standard Voicemail (offered on 4G LTE plans) can store up to 5 messages, with each message stored for up to 5 days. Voicemail+ (offered on 5G plans) can store up to 50 messages, with new messages stored for up to 30 days and saved messages stored for up to 90 days. Messages can be resaved during the storage period but will be deleted if past the storage period. Monthly plan customers with Standard Voicemail can upgrade to Voicemail+ by subscribing to the monthly add-on.

10. Pay Per Use Charges

Apple Watch plan utilizes the Freedom Nationwide data included in your associated phone plan when connected via Bluetooth. Pay Per Use Charges may apply.

11. Tablet Plans

To be eligible for a Tablet plan, you must activate a new Postpaid line or complete a hardware upgrade on an eligible Tablet (ZTE Grand X View 4, Samsung Tab A7 Lite) with MyTab at participating Freedom Mobile locations. All services subject to Freedom Mobile’s Terms of Service, Fair Usage Policy Internet Traffic Management Policy and Privacy Policy.

12. Determining the value of your Trade-In Device

Offer subject to change without notice. Offer available for a limited time at Freedom Mobile corporate stores and participating Freedom Mobile dealer locations. 

Must be legal owner of the phone traded in. Maximum 1 phone per trade-in. Your device Trade-In value is determined by us in our sole discretion and is based on phone make, model, and physical condition. You will not receive extra value for trading in other in-box accessories (Example: charger, earbuds, external case, etc.). If we determine, in our sole discretion, that your Trade-In Device has no Trade-In value we will gladly take it and recycle it for you. As part of our ongoing green initiatives, any mobile phone may be dropped off at any Freedom Mobile store for responsible recycling. All trade-in program details are subject to Trade-InTerms and Conditions.

13. 1000 Long Distance Minutes Offer

Offer is available for a limited time and is subject to change or cancellation without notice. Applicable taxes extra. To be eligible for the promotion, you must activate a new line or complete a phone upgrade, on an eligible plan ($29+ plans after Digital Discount) during the promotion period. You will receive 1,000 long distance minutes per month for 24 months that can be used to call the following destinations from Canada, as long as you remain active on an eligible plan: Australia, Bangladesh, Brazil, China, Germany, Hong Kong, India, Japan, Malaysia, Mexico, Singapore, South Korea, Taiwan, United Kingdom. Any unused minutes are non-refundable and non-transferable. The promotion may not be combined with any other long distance offers. 

14. Bring Your Own Phone Offer

O f f e r i s s u b j e c t t o c h a n g e o r c a n c e l l a t i o n w i t h o u t n o t i c e . A p p l i c a b l e t a x e s e x t r a . T o b e e l i g i b l e f o r t h e $ 5 o r $ 1 0 m o n t h l y c r e d i t f o r 2 4 m o n t h s , y o u m u s t a c t i v a t e a n e w b r i n g y o u r o w n p h o n e l i n e o n a n e l i g i b l e p l a n ( $ 5 o f f N a t i o n w i d e 4 G 1 0 G B a n d N a t i o n w i d e U n l i m i t e d 2 0 G B / 3 0 G B + 5 G a n d 4 0 G B + 5 G ( w i t h U . S . ) ; $ 1 0 o f f N a t i o n w i d e U n l i m i t e d 5 0 G B + 5 G ( w i t h U . S . - M e x i c o ) ) d u r i n g t h e p r o m o t i o n p e r i o d . T h e c r e d i t s w i l l s t a r t t o b e a p p l i e d a s a b i l l a d j u s t m e n t b e f o r e t a x o n y o u r 2 n d b i l l . Y o u w i l l r e c e i v e a $ 5 o r $ 1 0 c r e d i t o f f t h e m o n t h l y p r i c e o f t h e p l a n f o r 2 4 m o n t h s , a s l o n g a s y o u r e m a i n a c t i v e o n a n e l i g i b l e p l a n . T h e p r o m o t i o n m a y n o t b e c o m b i n e d w i t h a n y o t h e r i n - m a r k e t r e c u r r i n g d i s c o u n t , e x c e p t f o r D i g i t a l D i s c o u n t . Y o u r s e r v i c e w i l l n o l o n g e r b e e l i g i b l e f o r t h e p r o m o t i o n i f y o u : a ) D o w n g r a d e y o u r r a t e p l a n t o a n o n - e l i g i b l e p l a n ; b ) S i g n u p f o r M y T a b ; o r c ) P o r t y o u r n u m b e r a w a y f r o m F r e e d o m M o b i l e . I f y o u a r e n o t e l i g i b l e f o r t h e p r o m o t i o n d u r i n g a n y m o n t h , t h a t c r e d i t w i l l b e e n t i r e l y f o r f e i t e d a n d c a n n o t b e m a d e u p . I f y o u q u a l i f y f o r t h e c r e d i t i n t h e m o n t h s f o l l o w i n g t h e i n e l i g i b l e m o n t h , y o u w i l l c o n t i n u e t o r e c e i v e t h e c r e d i t a s a p p l i c a b l e .

15. Price Freeze Promise

Price Freeze Promise is our guarantee that the price of a wireless rate plan (prior to any discounts or credits) that any customer subscribes to and maintains will never incur a price increase. This guarantee is in effect as of April 3, 2023, and applies to all wireless rate plans that were available, are available, and will be available to our current and future customers. The Price Freeze Promise only covers the wireless rate plan price itself, and not any other charges or fees, such as taxes, levies, pay-per-use charges, one-time passes, add-ons, device financing charges (such as MyTab and TradeUp charges), or any other additional charges/fees.  

16. 3rd+ Line Offer

Offer is available for a limited time and is subject to change or cancellation without notice. Applicable taxes extra. To be eligible for the $10 monthly credit, you must: (i) have a minimum of 2 other active lines, both on an eligible plan ($45+/mo. after Digital Discount), (ii) activate additional new line(s) on an eligible plan ($45+/mo. after Digital Discount) , and (iii) not have canceled any line on your account within 60 days of activating this offer. The credit will only be applied to the additional new line(s). The credits will start to be applied as a bill adjustment before tax on your 1st bill after adding the new additional line(s). You will receive a $10 credit off the monthly price of the plan as long as you remain active and subscribed to an eligible plan. The promotion may not be combined with any other in-market recurring credit offer, except for Digital Discount. A line on your account will no longer be eligible for the promotion if you: a) change the rate plan on the new line(s) to a non-eligible plan, or b) no longer have a minimum of 2 other active lines on an eligible plan. If you are not eligible for the promotion during any month, that credit will be entirely forfeited and cannot be made up. If you qualify for the credit in the months following the ineligible month, you will continue to receive the credit as applicable.

20. Data By The Gig

Purchase 4G LTE Data when you need it. To purchase, visit My Account .

21. $45/mo. iPhone 15 included offer

Offer available for a limited time only at select stores to eligible customers on approved credit and while supplies last. This offer is subject to change or cancellation without notice. To be eligible for the promotional offer, you must:

Trade in an eligible iPhone 12 (64GB) or greater value phone,

Activate a new service on, or upgrade your phone to, an iPhone 15 (128GB) with MyTab and TradeUp, and

Activate on an eligible in-market plan ($45+/mo. after Digital Discount) and 24-month services agreement.

$45/mo. iPhone 15 included offer is based on $45/mo. (after Digital Discount) plan and iPhone 15 (128GB) with a $1,129 retail price with $0 upfront. The $1,129 retail price is reduced by $360 MyTab Savings, a $409 TradeUp amount, $360 trade-in value ($350 trade-in credit & $10 MyTab Bonus Savings) for trading in an eligible iPhone 12, for a total savings of $1,129 to offset the full retail price over 24 months.

Must be legal owner of the phone traded in. Maximum 1 phone per trade-in. The $10 MyTab Bonus Savings is only available to customers who trade-in an eligible iPhone 12 (64GB) with a trade-in value of at least $1 towards the purchase of an iPhone 15. Customers who trade in a greater value phone will receive credit for their trade-in, but not the $10 MyTab Bonus Savings. The total value of trade-in credit depends on the phone condition. MyTab Bonus Savings are applied after taxes and at the time of purchase. The MyTab Bonus Savings will be applied against the upfront cost or the MyTab charge of the phone and following the application of the phone value trade-in credit. Any unused portion of the MyTab Bonus Savings will be forfeited and may not be used towards the purchase of any other product or service and may not be redeemed for cash. MyTab Additional Terms of Service apply – see freedommobile.ca/MyTab. Early cancellation fees apply. To receive the credit, the customer must remain in good standing. This offer cannot be combined with any other promotional service credit offer. If you downgrade from your plan within 24 months to a plan that is not eligible for a MyTab Savings discount, or to a plan that is only eligible for a lower MyTab Savings discount amount, then you will be charged a fee equal to all, or a prorated part, of the discount received. Offer can be combined with eligible TradeUp credit. TradeUp Additional Terms of Service apply – see  freedommobile.ca/en-CA/tradeuptandc . Applicable taxes extra.

28. Visual Voicemail One Month Trial

The One Month Trial of Visual Voicemail is subject to change or cancellation without notice. The Visual Voicemail add-on is only available to customers that subscribe to a plan with data allotment (excluding 4G plans), and are on a compatible device. For more details, please refer to: https://www.freedommobile.ca/en-CA/support/What-is-Visual-Voicemail . You will receive a one-time $4 credit for the first full month of your Visual Voicemail subscription, which will appear in your monthly bill. To be eligible to receive the $4 credit for the One Month Trial of Visual Voicemail offer, you must (i) be subscribed to a plan with data allotment (excluding 4G plans), and on a device that is compatible with the Visual Voicemail add-on, as outlined above, and (ii) subscribe to Visual Voicemail. The promotion can only be applied once to each eligible line. After your first full month of Visual Voicemail has completed, you will be charged the monthly recurring rate of $4 for Visual Voicemail unless you unsubscribe to the service. Your service will no longer be eligible for the discount if during the promotion period you (a) change your rate plan to a non-Eligible Plan, or (b) port your number away from Freedom Mobile. Applicable taxes extra. All Freedom Mobile services are subject to our Terms of Service, MyTab Additional Terms of Service, Fair Usage Policy and Privacy Policy.

29. Visual Voicemail Three-Month Trial

The Three-Month Trial of Visual Voicemail is subject to change or cancellation without notice. The Visual Voicemail add-on is only available to customers that subscribe to a plan with data allotment and are on an iPhone 15 series device. For more details, please refer to: https://www.freedommobile.ca/en-CA/support/What-is-Visual-Voicemail . You will receive a$4 credit each month for the first three months of your Visual Voicemail subscription, (totaling $12 in credit), which will appear in your monthly bill. To be eligible to receive the monthly credit for the Three-Month Trial of Visual Voicemail offer, you must (i) be subscribed to a plan with data allotment and on an iPhone 15 series device as outlined above, and (ii) subscribe to Visual Voicemail. The promotion can only be applied once to each eligible line. After your first three months of Visual Voicemail has completed, you will be charged the monthly recurring rate of $4 for Visual Voicemail unless you unsubscribe to the service. Your service will no longer be eligible for the discount if during the promotion period you (a) change your rate plan to a non-eligible Plan, or (b) port your number away from Freedom Mobile. Applicable taxes extra. All Freedom Mobile services are subject to our Terms of Service, MyTab Additional Terms of Service, Fair Usage Policy and Privacy Policy.

Rogers Communications says it will sell Freedom Mobile to Quebecor for $2.85B

Rogers attempting to allay competition concerns as it seeks takeover of shaw communications.

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Rogers Communications Inc. will sell Freedom Mobile Inc. to Quebecor Inc. for $2.85 billion in a deal it hopes will appease federal regulators opposed to its proposed takeover of Shaw Communications Inc.

The deal comes after the antitrust regulator reiterated that it opposed Rogers' plan to purchase Shaw, and is subject to approval by Canada's competition watchdog and the federal department of Innovation, Science and Economic Development, the firms said.

It covers all of Freedom's branded wireless and internet customers, infrastructure, spectrum and retail sites, they added in a statement.

Toronto-based Rogers made a $26-billion bid for Calgary-based Shaw and also offered to sell Shaw's Freedom mobile unit to allay competition concerns as part of the deal.

Deal provides 'viable and sustainable' competition, companies say

The Competition Bureau had said the sale would weaken Freedom's operations, reducing "competitive discipline" among national carriers and lead to a transfer of wealth from low- and middle-income groups to the wealthy Rogers and Shaw families.

Rogers, Shaw and Quebecor argued their agreement would effectively address those concerns and keep alive a "strong and sustainable" fourth wireless carrier in Canada, because the deal would expand Quebecor's wireless operations nationally.

"The parties strongly believe the agreement effectively addresses the concerns ... regarding viable and sustainable wireless competition in Canada," the companies said in the statement, referring to the reservations of the competition watchdog and the industry minister.

• As It Happens What the Rogers-Shaw merger battle says about the state of competition in Canada
• Canada's competition commissioner to oppose $26B Rogers-Shaw merger, say companies

The companies will also provide transport services and roaming services to Quebecor as part of the deal.

"We look forward to securing the outstanding regulatory approvals for our merger with Shaw so that we can deliver significant long-term benefits to Canadian consumers, businesses and the economy," said Rogers' chief executive, Tony Staffieri.

Quebecor beat out several other parties to reach the deal. Globalive Capital signed a network- and spectrum-sharing agreement with Telus Corp. in May to boost its bid to purchase Freedom. Formerly known as Wind Mobile, Freedom was founded by Globalive founder and chairman Anthony Lacavera in 2008.

Lacavera said in a statement Saturday that Globalive had offered $900 million more than Quebecor did to buy Freedom. He said its bid was rejected because Globalive is "a real independent and pureplay national long-term competitor."

"Rogers is afraid to compete. They have shopped this deal to a succession of billionaire friendlies and friendly parties who won't compete with them [and] are willing to sell Freedom back to them at any time," Lacavera added.

Canadian law allows approval of mergers that harm competition if the companies can prove the mergers bring efficiency to the economy.

The Rogers-Shaw transaction announced in March 2021 already has approval from the shareholders of Shaw and the Canadian Radio-television and Telecommunications Commission. However, it remains subject to review by the Competition Bureau and the Minister of Innovation, Science and Economic Development.

The Competition Bureau expanded its opposition to Rogers' proposed takeover of Shaw in new submissions made to the Competition Tribunal on Friday.

In legal filings released after markets closed, the agency challenged Rogers' claims about efficiencies and said acquiring its closest rival is anti-competitive and would harm consumers through higher prices, lower-quality services and lost innovation.

It also argued the proposed sale of Shaw's Freedom Mobile is "not an effective remedy," because it won't replace the growing competition Shaw Mobile would deliver in Alberta and British Columbia and would make Freedom "a subsequently weaker competitor" than it would have been.

With files from CBC News's Pete Evans and The Canadian Press

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Freedom Mobile Has New Ownership & Here's What That Means For Your Internet Plans

Good news for anyone who likes cheap mobile plans!

A Freedom Mobile store in Ottawa.

Canada is known to have one of the most expensive internet services in the world. However, thanks to a recent acquisition, there may be some good news for Canadians.

On April 3, Freedom Mobile was officially acquired by Videotron Ltd., a subsidiary of Quebecor Inc.

If you’re wondering what this all means, it’s that Freedom Mobile is now officially owned by Quebecor.

"A fourth major wireless carrier is launched in Canada," the press statement read.

It also added that this "fourth, strong, competitive wireless service provider" is what “Canadian consumers and governmental and regulatory authorities have been waiting for.”

And there are serious odds that this new acquisition could offer some big perks for Freedom Mobile users.

In order to go through with the acquisition, Pierre Karl Péladeau, president and CEO of Quebecor, committed to ensure that, over a period of ten years, Freedom Mobile plans would be 20% more affordable than equivalent plans by Rogers, Bell and Telus!

This expectation is based on prices in British Columbia, Alberta and Ontario markets, as of February 10 of this year.

If Quebecor fails to follow with its commitment, the company could be subject to damages of up to $200 million.

But that’s not all either.

It also states that Freedom Mobile commits to maintaining prices for existing customers for five years, and even giving them a 10% increase in their local data limit at no extra cost.

Finally, it promises to invest more than $150 million to update Freedom Mobile’s infrastructure, which will enable 90% of its current and future customers to access a 5G technology network with a compatible device within two years.

All of which is good news for anyone looking for ways to save money on their internet plans.

What’s more, the hope is that this deal should drive down internet prices across Canada as a whole.

In a statement , Minister of Innovation, Science and Industry François-Philippe Champagne weighed in on how this might affect Canadians.

"The evidence is clear: Having a strong fourth competitor does lead to lower prices, as we’ve seen in Atlantic provinces, Quebec, Ontario, Alberta and British Columbia," he said.

He added that this transfer will "ensure that this new national fourth player will be in it for the long haul, be able to go toe-to-toe with the big three, and actually drive down prices across Canada."

All of which sounds pretty promising. Here's hoping for more reasonably priced wireless plans in the near future!

This article's cover image was used for illustrative purposes only.

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