CANNES, France-Third-generation mobile communications technology supplier UbiNetics announced it has completed a $26 million investment led by international venture capital company 3i.
“The investment further emphasizes the positive change in the wireless industry toward 3G, and it clearly signals a change in mood in the investment community towards this technology,” said Bjorn Krylander, chief executive officer of UbiNetics. “It will provide us with the financial strength to complete a strong robust technology platform for 3G and expand our presence in the key markets where our customers operate.”
