London-based personal fairness fund, Sign Capital Companions, is ready to take over the Cypriot telecommunications firm, Primetel following the corporate’s placement underneath administration. In response to an announcement, Sign Capital Companions has been a key associate and essential 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 supplied funding for the event of Primetel’s new next-generation cellular community, and this assist 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 growth of high-quality companies for its subscribers.”
Sign Capital Companions to Assist Primetel
The lively assist by Sign Capital Companions is predicted to convey renewed stability and progress alternatives for Primetel, making certain seamless companies for its clients.
On July 18, 2023, Primetel was put underneath administration because it had did not repay a mortgage obtained from Sign Capital Companions.
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In response to the official web site, Primetel is Cyprus’s solely various telecom operator with an impartial island-wide, IP-based, fibre optic fastened community infrastructure. Primetel owns and operates a regional community spanning Greece, Cyprus, Europe and Russia, offering city-to-city connectivity, knowledge communications and IP-based companies between key European and Center East markets.
