Telecom Lead @ Mobile World Congress 2013: Intel Capital and IFC have invested $7.8 million in Altobridge.
This is a follow-on investment.
Altobridge will use the additional capital to accelerate roll-out of its mobile data optimisation solution, Data-at-the-Edge, in both urban and rural markets globally.
READ Mobile World Congress 2013 HERE
Since its Series C funding round in 2011, Altobridge has taken DatE from concept to full commercialisation.
Recently, Maxis Berhad, Malaysia, has launched DatE-enabled 3G mobile broadband services.
Commercial trials for urban DatE deployment are pending with leading network operators in Europe and North Africa.
Mike Fitzgerald, chief executive, Altobridge, said: “Since our last funding round, we have expanded rural connectivity in Indonesia, Malaysia, Iraq, Niger and Ghana, whilst at the same time we have made Data-at-the-Edge a commercial reality.”
