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Cambridge Broadband Networks raises $16.5M for global market push

December 06, 2010 // Jean-Pierre Joosting

Cambridge Broadband Networks raises $16.5M for global market push

Cambridge Broadband Networks Limited has announced it has secured a $16.5M investment to fund an aggressive growth plan aimed at capitalising on worldwide demand for its next generation microwave backhaul and access solutions.


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This latest funding round was oversubscribed and in addition to participation from the existing investors Accel Partners, Adara, Amadeus Capital Partners and TVM Capital the company secured a significant contribution from two new investors including Samsung Ventures Europe.

Samsung Ventures investment, the first by its newly created European venture investment group is a precursor to the development of a strategic relationship to create an important new channel to market for Cambridge Broadband Networks VectaStar point-to-multipoint solutions.

Commenting on the development Graham Peel, Cambridge Broadband Networks CEO said, The investment weve just secured is both an affirmation of the technology underlying our point-to-multipoint microwave equipment and recognition of the significant opportunities we have available. Our VectaStar solutions meet the needs of mobile operators in growth markets around the world, from EMEA to the Americas and Asia Pacific all are seeking more efficient means of satisfying the demand for broadband data services.

Teresa M Vega, Cambridge Broadband Networks' Chairman, added, "Market analysts universally predict a dramatic rise in the requirement for innovative microwave backhaul solutions in response to exponential growth in consumer demand for mobile data services. Samsung and our other investors recognise that Cambridge Broadband Networks is ideally placed to meet that demand with a technically and environmentally superior solution that is highly efficient in its use of capital and operational resources."
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