Pocket Communications Northeast Obtains $25,000,000 New Financing
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=191952b3-2436-4683-9117-b4d894488e0f&Preview=1 -
Date
2/20/2009 -
Company Name
Pocket Communications Northeast -
Mailing Address
1280 Blue Hills Ave Bloomfield, CT 06002 -
Company Description
Pocket is Texas’ fastest-growing flat rate wireless company, and the third largest flat rate carrier in the nation. Since the company was formed in May 2006, it has grown to over a quarter of a million customers. In South Texas, Pocket services customers from San Antonio to Laredo and in the Rio Grande Valley. Pocket coverage also extends into the Northeast, and services those living in Hartford (CT) and Springfield (MA). -
Website
http://www.pocket.com -
Transaction Type
Venture Equity -
Transaction Amount
$25,000,000 -
Transaction Round
Undisclosed -
Proceeds Purposes
This will be used to fund Pocket Northeast’s network construction and working capital as it builds out and launches service in its markets. -
M&A Terms
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Venture Investor
Battery Ventures -
Venture Investor
Charles River Ventures -
Venture Investor
Bank Street
