Truphone raises further GBP 18 mln, valued at GBP 386 mln

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(Telecompaper) UK-based eSIM and IoT technology provider Truphone announced that it has raised a further GBP 18 million in unconditional funding through a successful rights issue valuing the company at GBP 386 million. In a statement it added that a further GBP 36 million has been secured based on the same valuation on a conditional basis. The company said it will use the new funds to deliver its technology to customers at a faster rate, after signing a number of high-value deals.
Source: Industry News (syndicated from Telecompaper.com)

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