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November 28, 2006
Sweden's Tilgin To IPO
Swedish supplier of set-top boxes and gateways for broadband consumers to access so-called triple-play service (Interactive TV/Internet/Voice) is currently in the runup to float on the Stockholm Stock Exchange on December 15. It's a small IPO, aiming to raise about €11.5M, and from what we could see in its prospectus, which is only published in Swedish, there are no venture firms backing it.
Earlier in the year we covered Tilgin's quick growth mode. It sales were SEK 283mn (US$ 39.83mn EUR 31.06mn) during the first three quarters in 2006. The firm expects to be profitable in the second half of 2006.
Tilgin's French rival, Netcentrex, a much larger venture-backed operation, was acquired by Comverse last month for $170M including earnout.
Read - Read - Tilgin's Hockey Stick Growth (the a:c euro)
Posted on November 28, 2006 09:38 AM | Posted to Interactive TV | Permalink
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