No-Frills Carrier Pocket Communications Raises $100 Million For Northeast Network

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imagePocket Communications, a no-frills carrier operating in Texas that offers a $25 monthly contract for unlimited calls and text messages, has raised $100 million to build out a network in five Northeast cities, GigaOm reports. The CDMA network will be the two-year-old company’s second build-out, joining a network in San Antonio. Investors in the round include: Battery Ventures, Charles River Ventures and Pocket

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Paul Posner is one of the smartest businessmen in the mobile business today. Most would do well to watch his moves.

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