Google Quietly Positioning Project Fi To Disrupt The Wireless Market


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


Project Fi, a mobile virtual network operator owned and operated by Google and its parent company Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL), is moving along at a slow and steady pace.

According to a report by USA Today, Google's Project Fi could prove to be a "major shakeup" in the wireless segment, but it won't come anytime soon.

Project Fi was launched more than a year ago and offers mobile users a contract-free $20 per month offering of unlimited domestic calls and texts, $10 per gigabyte of data and additional data is charged at a prorated level while unused data is given as a credit on the next month's bill.

USA noted that as of Tuesday, Fi can now be used in more than 135 countries.

While all of this sounds tempting and a true disruptive force in the mobile sector, the question many are asking is what is taking the company so long to release the service to the masses.

Fi only works on Google's Nexus 5X, 6 and 6P headsets, while iPhone and Galaxy devices are incompatible. Meanwhile, Google won't acknowledge how many subscribers it has.

The USA Today article concluded in its report that if Google's ultimate endgame is to take over the wireless sector it is indeed "coming awfully slowly."

Did you like this article? Could it have been improved? Please email feedback@benzinga.com to let us know!

27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Posted In: TechMediaGoogle MobileGoogle Project FiNexus 5XNexus 6Nexus 6PProject Fiusa today