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SUNNYVALE, Calif., July 24 /Xinhua-PRNewswire/ --
-- Will meet the working capital requirements for supplying equipment to
Tier 1 customers by Tier I contract manufacturers
-- Financing comes from SVB Silicon Valley Bank
-- Debt Limited to $25M
Telsima Corporation, a leading developer and provider of WiMAX based Broadband Wireless Access (BWA) and Mobility solutions, today announced that it has secured up to $25 million working capital debt financing. SVB Silicon Valley Bank, based in Santa Clara, Calif., provided the debt facility. Telsima will deploy this working capital debt to speed up the supply of Telsima StarMAX family of products to its customers through enhanced performance and increased generating capacity.
Telsima won multiple, multi-million dollar contracts from Tier I operators in 2007 for…
Source: HighBeam Research, Telsima Closes Working Capital Debt of $25 Million.