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General

Spain's Eurona secures EUR 47 mln funding from Magnetar

Wednesday 25 October 2017 | 10:29 CET | News
Spanish satellite broadband provider Eurona has reached an agreement with US hedge fund Magnetar to receive EUR 46.8 million in funding to refinance the company's growth plan. The deal, which will see Magnetar becoming a key financial partner, will allow Eurona to intensify its mobile network deployments with the Spanish group targeting annual revenues of EUR 200 million-plus by 2020.

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Categories: General
Companies: Eurona Telecom / Huawei
Countries: Spain
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