November 27, 1996 in Nation/World

Toll Free Cellular Plans Big Expansion

Compiled From Wire Services

Toll Free Cellular, a Seattle company that offers the cellular phone equivalent of 1-800 service, plans to take its business nationwide.

The privately held company recently received $14 million in financing, mostly from limited partnerships affiliated with Goldman, Sachs & Co. The agreement could provide $6 million more, depending on company performance. Mark Lazar, Toll Free Cellular’s chief executive, said the money will be used to pay for technical development projects, and sales and marketing efforts.

Thoughts and opinions on this story? Click here to comment >>

Get stories like this in a free daily email