Pocket Communications stuffed with $100M for unlimited wireless
Youghiogheny Communications (much more conveniently dubbed Pocket Communications) is in the money today, closing a $100 million first round of financing led by Battery Ventures. The San Antonio, Tex.-based company will use the new funds to launch its flat-rate unlimited wireless plan in the northeastern region of the U.S.
The announcement comes as somewhat of a surprise in an economic climate that many thought would preclude such sizable investments (though this could still be on the way). The company… Continue Reading