London-based non-public fairness fund, Sign Capital Companions, is ready to take over the Cypriot telecommunications firm, Primetel following the corporate’s placement underneath administration. In keeping with an announcement, Sign Capital Companions has been a key companion and primary financier of Primetel for the previous 5 years and is dedicated to actively supporting the corporate.
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Sign Capital Funding Cypriot Telco
The announcement mentioned that in recent times, Sign Capital has offered funding for the event of Primetel’s new next-generation cellular community, and this help will proceed as they consider within the firm’s capabilities and its devoted crew.
“Primetel stays dedicated to its strategic targets of steady enchancment, regular community funding, and the enlargement of high-quality providers for its subscribers.”
Sign Capital Companions to Assist Primetel
The energetic help by Sign Capital Companions is predicted to carry renewed stability and development alternatives for Primetel, making certain seamless providers for its prospects.
On July 18, 2023, Primetel was put underneath administration because it had didn’t repay a mortgage obtained from Sign Capital Companions.
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In keeping with the official web site, Primetel is Cyprus’s solely various telecom operator with an unbiased island-wide, IP-based, fibre optic mounted community infrastructure. Primetel owns and operates a regional community spanning Greece, Cyprus, Europe and Russia, offering city-to-city connectivity, information communications and IP-based providers between key European and Center East markets.
