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CBNL secures $7.5M financing package

CBNL secures $7.5M financing package
03 February 2009

With full support of existing investors which include Accel Partners, Adara, Amadeus Capital Partners and TVM, Cambridge Broadband Networks today announced that it has secured $7.5M of new financing.

Cambridge Broadband Networks is the leading supplier of intelligent point-to-multipoint (PMP) microwave backhaul solutions.

Its customers include MTN Group, Vodacom and Maxis Telecom.

The company has seen a significant increase in demand for its VectaStar products and recently announced moving its production to China in order to meet the growing demand for its products.

VectaStar is providing low-risk microwave backhaul solutions that keep pace with rising packet data traffic while reducing expense and complexity.

"To secure this investment at this time is a significant endorsement of our Vectastar point-to-multipoint microwave solution and the strength of the Cambridge Broadband Networks team."

said Graham Peel, CEO of Cambridge Broadband Networks.

"Our performance in the past year, and our strong positive outlook, are evidence of mobile operators embracing VectaStar as the next generation technology that meets their existing and future backhaul requirements."