Teleca proposes a rights issue to raise SEK 150 million to accelerate growth
Teleca today announces that it proposes a rights issue to raise SEK 150 million to support its ongoing transformation into a pure play provider of software development services to the world’s leading wireless communications companies. The funding, which is proposed as a rights issue, is expected to support both organic growth and selected strategic acquisitions. By responding to the needs of its clients for strong out-sourcing partners capable of delivering leading edge software around wireless technologies, and capable of delivering with scale, fast response times and low cost from a