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Leading Russian IPTV Developer Receives Investment

Files under: Enterprise, News, Tech
Posted by: Quintura @ 09:15 [7. 10. 08]

The leading Internet protocol television (IPTV) software and hardware developer Elecard Devices has received $10 million in a form of convertible loan from Slaviansky Bank, reported business daily newspaper Kommersant. The funds will be invested into expanding sales in the U.S. and South East Asian markets. The company expects to complete a financing round in [...]