Pocket Communications bringing competition to unlimited calling plans posted by Joe on November 26th, 2008 - 11:00 am | Prepaid Services
When you think of flat-rate, unlimited calling plans, you probably first think of Metro PCS, Cricket wireless, and even Boost Unlimited. There are a few others out there, some of which will get a spot on Prepaid Reviews in the coming month. One of these is Pocket Communications. They’ve just received some good news in the form of $100 million in venture funding. This will allow the company, based in South Texas, to reach out to the Northeast, including areas of Connecticut and Massachusetts.
Those rate plans look similar to Metro and Leap, though there’s a hint the pricing could be improved. From the linked GigaOM article: “[Pocket CEO Paul] Posner says he can undercut them on pricing (Metro PCS plans start at $30 per month and Leapâ€™s Cricket plans start at $35) and still make similar net margins.” This is because he doesn’t plan to add data service, much like Leap did this year. Data services can mean more network maintenance costs for the carrier.
Pocket is looking to open shop in Hartford and New Haven, Connecticut, Springfield and Pittsfield, Massachusetts, and Poughkeepsie, New York. Metro and Leap are not in this area. This could mean big things for Pocket, including lucrative roaming agreements.
As of now, Pocket has 300,000 subscribers. That could increase significantly if they catch on in the Northeast.