Pocket Takes $100M for Flat-Rate Wireless

Medford, Cassimir
November 2008
Red Herring;11/25/2008, p1
Trade Publication
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.


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