Fon closes USD 14 mln funding round led by Qualcomm

Monday 20 January 2014 | 16:40 CET | News
Global Wi-Fi network Fon has completed financing totalling USD 14 million (EUR 10.3 million). Qualcomm, through its venture capital arm Qualcomm Ventures, led the fundraising round, underscoring its relationship with Fon as a strategic investor. Fon is in the process of developing a new Fon router that combines social Wi-Fi with social music, based on a chipset from Qualcomm Atheros. This new router is expected to be available from Fon in the first half of 2014. At the same time, Qualcomm Atheros is integrating Fon as a feature available via SDK for its chipsets. Other investors participating

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Categories: Mobile & Wireless
Companies: Atheros / Deutsche Telekom / Google / Qualcomm
Countries: World
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