Sequans Communications, a developer of WiMAX semiconductor solutions, has secured an undisclosed amount of financing.
The round was led by Alcatel-Lucent and Motorola Ventures, with participation from Sequans’ other existing investors.
The company will use the funds to accelerate its Long Term Evolution (LTE) development timeline and to add resources to its teams. In addtion, the company intends to demonstrate its first LTE samples in early 2010 in support of pre-commercial operator trials.
The transaction was led by Clipperton Finance, acting as Sole Manager.
Sequans is based in Paris, with additional offices throughout the world, including USA, United Kingdom, Israel, Japan, Hong Kong, Singapore, and Taiwan.