The financing round comes from Intel Capital, Cisco, Qualcomm, Amadeus Capital Partners, Rothschild & Cie Gestion, Scottish Equity Partners and TE Connectivity.
ip.access CEO Simon Brown says the capital will be used for the development and deployment of coverage and network capacity-boosting small cell products as the global rollout of high-speed 3G and LTE networks continues. Says Brown:
“Everything we are doing and developing at the moment is geared towards making it easier and more cost effective for operators to add coverage and capacity to their networks where it is needed most – in homes, in offices and in busy public locations”.
Duly noted, and investors seem to like that pitch, too.