TITLE

Pocket Takes $100M for Flat-Rate Wireless

AUTHOR(S)
Medford, Cassimir
PUB. DATE
November 2008
SOURCE
Red Herring;11/25/2008, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the $100 million equity investment taken by Battery Ventures in wireless voice and data provider Pocket Communications Northeast. Pocket is in the process of launching a northeast U.S. business in various cities in New York, Massachusetts and Connecticut. The size of the investment is related to the credit markets crisis and the high competition in northeast wireless market. According to Matt Niehaus, a partner with Battery Ventures, the maturity of the business made Pocket an attractive investment.
ACCESSION #
36586215

 

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