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Product category: Antennas and Feeders
News Release from: Sarantel
Edited by the Electronicstalk Editorial Team on 13 February 2003

Antenna pioneer raises GBP 3.5 million
funding

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Sarantel has raised GBP 3.5 million in a first closing in a new round of investment led by two of the UK's leading hi-tech venture capital investors.

Sarantel has raised GBP 3.5 million in a first closing in a new round of investment led by two of the UK's leading hi-tech venture capital investors, MTI Partners and VCF Partners, and supported by eTechnology VCT The funding, which follows a $14 million mobile handset contract win in November, will be used for marketing and to introduce the company's 3G mobile designs

A second closing, due within three months, is expect