Investors put $100 million in Pocket

What economic meltdown? Pocket Communications has raised $100 million from an equity investment led by Battery Ventures, with participation Charles River Ventures and Pocket's founder, president and CEO Paul Posner.

The money will fund network construction and provide out-of-pocket working capital as the wireless carrier introduces Pocket Communications Northeast in Hartford and New Haven, Conn., Springfield, Mass. and Poughkeepsie, N.Y.

Pocket Communications Northeast will be able to target a combined population of about 3.5 million with a flat rate, unlimited use wireless voice and data services package similar to the one its parent company successfully operates in South Texas.

For more:
- see this news release

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