Apple iPhone 728x90

February 12, 2008  |  Email This Article   |  Print This Article

Sequans secures $28 million financing

PARIS (WiMAX Day). The WiMAX chip supplier Sequans Communications announced yesterday that it has raised USD 28 million in a round of equity-based and convertible debt financing. New investors in Sequans include Swisscom, the Swiss telecom operator, Reliance Technology Ventures Limited of India, and the French private equity firm CDC Enterprises. The company said that the investment bank NATIXIS participated in the convertible debt financing. Current investors in Sequans include Motorola and Alcatel-Lucent. According to Georges Karam, Sequans CEO, this round of capital will help to strengthen its place in the market, and support its next launch of WiMAX chips.