Microwave Backhaul Firm Raises Extra Funding

Cambridge Broadband Networks, which provides microwave backhaul kit says that it has secured a further US$7.5 million from its existing investors, which include Accel Partners, Adara, Amadeus Capital Partners and TVM

Cambridge Broadband Networks is the supplier of intelligent point-to-multipoint (PMP) microwave backhaul solutions. Its customers include MTN Group, Vodacom and Maxis Telecom. The company has seen a significant increase in demand for its VectaStar products and recently announced moving its production to China in order to meet the growing demand for its products.

VectaStar is providing low-risk microwave backhaul solutions that keeps pace with rising packet data traffic while reducing expense and complexity.

"To secure this investment at this time is a significant endorsement of our Vectastar point-to-multipoint microwave solution and the strength of the Cambridge Broadband Networks team," said Graham Peel, CEO of Cambridge Broadband Networks. "Our performance in the past year, and our strong positive outlook, are evidence of mobile operators embracing VectaStar as the next generation technology that meets their existing and future backhaul requirements."

Posted to the site on 3rd February 2009