0
General

Cubic Telecom closes USD 26.4 mln in funding from European Investment Bank

Thursday 18 July 2019 | 16:06 CET | News
Cubic Telecom secured USD 26.4 million in new funding from the European Investment Bank (EIB). The investment will support Cubic's further development of its software connectivity platform – Pace – through investments in R&D. The new loan was formally agreed at the Department of Finance in Dublin by Barry Napier, Cubic Telecom CEO and Andrew McDowell, European Investment Bank VP in the presence of Minister for Finance and Public Expenditure, Paschal Donohoe ahead of the EIB-Ireland Financing Group ministerial meeting.

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Cubic Telecom / European Investment Bank
Countries: Europe
::: add a comment
This article is part of dossier

IoT


Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Cubic Telecom announces connectivity agreement with Skoda Auto

Published 27 Feb 2019 10:59 CET | Europe
Cubic Telecom, connectivity management supplier to the automotive and IoT sectors, has announced a contract with Skoda Auto at ...

Cubic Telecom delivers connectivity for Microsoft connected car platform

Published 22 Feb 2019 11:25 CET | World
Cubic Telecom, connectivity management software provider to the IoT and automotive industries, is working with Microsoft on the ...

Cubic Telecom delivers connectivity for e.GO electric vehicles in Europe

Published 21 Jan 2019 11:31 CET | Europe
Cubic Telecom has been selected by electric vehicle manufacturer e.GO Mobile to deliver a specialised electric vehicle (EV) ...

Cubic Telecom to power connectivity for Panasonic Automotive

Published 08 Jan 2019 16:44 CET | United States
Cubic Telecom announced at CES 2019 that it extended its partnership with Panasonic to Panasonic Automotive Systems of America ...