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General

Gigaset approves investment loan of EUR 20 mln

Friday 27 April 2018 | 12:09 CET | News
Gigaset's supervisory board has approved funding for investments totaling up to EUR 20 million to be used in developing and marketing new products and business segments. The loan agreement is between Gigaset Communications and a German regional bank and has a term of 4.5 years. The company said it will use these funds to stabilize recent earnings trends, where growth in new business segments like business customers and mobile devices are offsetting revenue declines in its core cordless phone business, and increase investments in new products.

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Categories: General
Companies: Gigaset Communications
Countries: Germany
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