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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.

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Categories: General
Companies: Cubic Telecom / European Investment Bank
Countries: Europe
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