Mergers and Acquistions News
Categories: Telecoms
November 24th 2008, 16:10PM
Quantance, a fables semiconductor firm, has raised $12 million (£8 million) in Series B funding, something it believes backs current market trends.
According to the company, the money, which comes from new and current backers, will allow it to launch its Radio Efficiency Technology commercially.
The firm's patented hardware could deliver three times faster performance in 3G and 4G telecommunications devices.
As part of the deal, Jim Pastoriza, managing partner at the TD Fund, will join the Quantance board of directors.
He said: "The fundamental performance enhancements that Quantance's innovations deliver make us believe the technology has the potential to be used in most wireless devices operating on 3G or 4G networks."
This means the firm could be sitting on a multi-billion idea, Mr Pastoriza added.
Last week, it was revealed that Japanese telecoms firm NTT Docomo has entered into a $2.7 billion strategic alliance with Indian counterpart Tata Teleservices.
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