Intel Capital and IFC invest $7.8 million in Altobridge

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.”

editor@telecomlead.com