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TeraGo starts CAD 15 mln equity offering to support launch of 5G in Canada

Tuesday 23 March 2021 | 11:20 CET | News
Canadian operator TeraGo has started an offering of units worth CAD 15 million in gross proceeds. The company has also granted a greenshoe for an additional 15 percent of the total number of units, shares and warrants. TeraGo said it will use the money raised to support its launch of 5G fixed wireless services in Canada. Money will also go towards testing and trialing 5G technology, upgrading the company's core network and supporting its networking business. Part of the amount will be used to pay down debt and for other general corporate purposes.

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Categories: Mobile & Wireless
Companies: TeraGo
Countries: Canada
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