Industry
Consumer Telecom Services
Location
Dallas TX
Company Overview:
MetroPCS owned valuable PCS spectrum In the San Francisco, Sacramento, Miami and Atlanta markets and ultimately built out a premier wireless network and a business that targeted month-to-month and prepaid wireless customers. The Company pioneered wireless marketing to unbanked, white color workers with little credit history and an aversion to long term contracts.
Investment Status:
Realized. IPO in 2007
Transaction Date:
2000 Growth Investment
Transaction Overview:
We backed a team of wireless veterans and invested alongside sector specialists like Chase Capital, TA Associates and Accel. Focus was on creating a company and building out a scalable wireless network. www.metrobyt-mobile.com