
UK - Scottish Equity Partners leads £8.5m funding for ip.access
ip.access ltd, a developer of in-building wireless picocell solutions, has announced the conclusion of an £8.5m financing round led by Scottish Equity Partners, including Intel Capital Corporation and Rothschild & Cie Gestion.
The investment will be used to finance the expansion of ip.access' current successful second-generation pico basestation business and to develop cost-effective third-generation access points for use in homes and small businesses to support fixed-mobile convergence.
ip.access produces the world's smallest GSM basestations which are designed to be deployed inside buildings and communicate with operators' infrastructure using ubiquitous broadband IP links. The company has enjoyed increasing success and its nanoGSM equipment is used by many operators including T-Mobile USA, Telfort (Netherlands), Spring Mobil (Sweden), Smart (Philippines), and Eurotel (Czech Republic). In 2004, the company signed a global OEM agreement with Siemens Mobile under which Siemens distributes nanoGSM as part of its enterprise portfolio.
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