Mobile backhaul solutions provider Celtro raised $20 million from Rho Ventures, Genesis and Cedar

noreply@blogspirit.com (ARPU~UP) — Wed, 14 May 2008 17:05:00 +0200

Mobile backhaul optimization solutions provider Celtro has raised $20 million in financing round led by Rho Ventures, with the participation of existing investors Genesis Partners and Cedar Fund. The company will invest the proceeds to further expand international operations and to penetrate new markets.

Celtro provides creative mobile backhaul switching solutions that improve service delivery, increase network efficiency, and facilitate smooth backhaul network evolution - helping providers enhance revenues, improve customer satisfaction, lower operational costs and optimize their backhaul network assets. The company has commercially deployed its backhaul switching products in the mobile networks of more than 50 leading operators.

Headquartered in Petah Tikva, Israel, Celtro was founded in 2001 as a business unit within ECI Telecom and was spun-off in 2003 as a privately-owned, independent company.

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Mobile backhaul solutions provider Celtro raised $20 million from Rho Ventures, Genesis and Cedar