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Wireless

Sigfox in EUR 50 million fundraising drive

Monday 6 October 2014 | 11:14 CET | News
French IoT company Sigfox has met investors to raise EUR 50 million to help fund its cellular network using unlicensed spectrum, the Financial Times reports. The company is being advised by Lazard on the fundraising. Sigfox claims that it can reach half of the world within 2 or 3 years. Its so-called 0G network is already present in France, Spain, the Netherlands and the UK, with a smaller network in place around San Francisco.

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Categories: Mobile & Wireless
Companies: Sigfox
Countries: France
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