0
Wireless

Synchronoss secures USD 25-30 million worth of new credit lines

Tuesday 8 October 2019 | 16:24 CET | News
Synchronoss Technologies said it has secured two new lines of credit that will help it move forward with its growth strategy. The company has closed a three-year USD 10 million senior secured line of credit with Citizens Bank. This money will go towards general corporate purposes. The company has also entered a Supply Chain Financing programme with Citibank that is expected to provide an average of USD 15-20 million of additional liquidity.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Categories: Mobile & Wireless
Companies: Synchronoss Technologies
Countries: World
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Synchronoss halves net loss despite lower revenues in Q1

Published 11 May 2020 14:54 CET | World
Synchronoss Technologies more than halved its net loss in the first quarter, despite revenues going lower amid the covid-19 ...

Synchronoss sees more cost savings after improved Q4

Published 10 Mar 2020 11:33 CET | World
Synchronoss Technologies reported improved results for the fourth quarter, with CEO Glenn Lurie saying revenues reached their ...

AT&T to deploy Synchronoss Personal Cloud platform

Published 10 Mar 2020 08:58 CET | United States
Synchronoss Technologies announced that it's powering AT&T Personal Cloud, a new service for AT&T Mobility wireless customers. ...

Synchronoss losses widen after writedown of STI accounts receivable

Published 05 Nov 2019 15:12 CET | World
The non-cash USD 26.0 million write-down of STI's accounts receivable balance is accounted for as a cumulative adjustment to ...

WeAre8 to leverage Synchronoss RCS-enabled messaging for brand relationships

Published 31 Oct 2019 11:24 CET | World
WeAre8, a mobile app providing micro-sponsorships, will leverage Synchronoss' Rich Communications Services (RCS)-based advanced ...

Telkom Indonesia picks Synchronoss' Digital Experience Platform

Published 05 Aug 2019 16:23 CET | Indonesia
Telkom Indonesia deployed Synchronoss' Digital Experience Platform (DXP) to simplify its business processes and enhance customer ...

Synchronoss partners with Microsoft to deliver infrastructure for smart buildings

Published 31 Jul 2019 15:51 CET | World
Synchronoss Technologies said it's partnering with Microsoft to deliver a Smart Buildings platform. By leveraging Microsoft Azure ...

Synchronoss sees further revenue growth ahead as Q1 sales lift, losses narrow

Published 10 May 2019 14:07 CET | World
Synchronoss Technologies lifted its revenues and narrowed its losses in the first quarter, helped by growth at its messaging ...

Synchronoss to support Amazon billing for mobile operators

Published 08 May 2019 16:33 CET | World
Synchronoss Technologies announced that its Synchronoss Digital Experience Platform (DXP) will enable mobile operators globally ...

Synchronoss inks patent license deal with Egnyte

Published 10 Apr 2019 14:22 CET | World
Synchronoss Technologies said it has signed a patent license agreement with enterprise software specialist Egnyte, which is now a ...

Synchronoss posts Q4 loss on impairments, adj EBITDA improves versus Q3

Published 13 Mar 2019 10:30 CET | World
Synchronoss Technologies reported a net loss of USD 101.9 million for the fourth quarter, after impairment charges of USD 109.1 ...





Calendar   /   Industry Events

26 Oct Siminn Q3 2021
26 Oct KPN Q3 2021
26 Oct NENT Q3 2021
26 Oct Juniper Networks Q3 2021
26 Oct Corning Q3
26 Oct TIM Brasil Q3 2021
26 Oct Alphabet Q3 2021
26 Oct Digital Realty Q3
26 Oct Twitter Q3 2021
26 Oct MediaTek Q3
26 Oct Microsoft fiscal Q1
26 Oct SK hynix Q3
26 Oct Orange group Q3 2021
26 Oct F5 Networks fiscal Q4
26 Oct FCC meeting
26 Oct MWC Los Angeles
26 Oct Samsung Developer Conference
26 Oct Cabsat
27 Oct Telefonica Deutschland Q3 2021
27 Oct TIM Q3 2021
27 Oct Twilio Q3
27 Oct Spotify Q3 2021
27 Oct Hrvatski Telekom Q3 2021
27 Oct Ooredoo Q3 2021
27 Oct Vertiv Q3
27 Oct Netgear Q3
27 Oct Megacable Q3
27 Oct Android Dev Summit
27 Oct Digital Utilities Europe 2021
28 Oct Apple fiscal Q3
::: More Calendar Items