Rakon boosts bank funding to meet increased telco demand

Wed, 12 Dec 2018

By Paul McBeth Dec. 12 (BusinessDesk) - Rakon has added $6 million to its cash working capital facility with ASB Bank, which it says will help meet the increased demands for telecommunications infrastructure. The high-tech components maker now has cash facilities of up to $15.5 million, which it said will largely be used on the continuing roll-out of 4/4.5G and 5G mobile telecommunications infrastructure. Last month Rakon noted that increased demand and its own plans to launch new telecommunications products had contributed to higher...

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