Cablevision Announces WiFi-Only Smartphone

Cablevision (NYSE:CVC) announced the upcoming launch of Freewheel, a low-cost all-WiFi phone service providing unlimited data, talk and text. Freewheel will be offered with the Motorola Moto G smartphone and is designed to work exclusively over WiFi. The service is intended to work anywhere in the world where WiFi is accessible, and will operate only when the device is connected to a WiFi signal. Freewheel customers will have automatic access to the Optimum WiFi network of 1.1 million hotspots.

Freewheel is expected to be available for purchase nationwide starting next month at Freewheel.com. The service will cost $29.95 per month or $9.95 per month for Cablevision's Optimum Online customers.