Maritime Cellular Coverage Gets Funding

The marine telecoms group, Maritime Communications Partner (MCP) says that it raised US$5.6 million in a further round of funding. Telenor brings a share of 33.3%, the investment company Northzone Ventures brings a share of 12.1%, while Andreas K.L. Ugland AS and Ugland Invest holds 11.2%. Other partners, founders and employees are left with 43.4 per cent.

MCP has developed a unique concept that makes regular GSM cell phone coverage possible on board international ferries and ships. The company was established in 2002, and has currently 24 employees. Until this issue, the company has mainly been financed through S

Posted to the site on 6th May 2004