Tuesday, May 20, 2008

Telecom Transport Management Gets $20M In Debt

Seattle-based Telecom Transport Management Inc. said today that it has raised $20M in a senior debt facility, from Columbia Partners Private Capital. The provider of communications services and backhaul transport for wireless carriers, said that the funding will go towards continued expansion of its network. The debt comes on top of $140M in equity funding the company has raised, from SeaPoint Ventures, Ignition Partners, Trilogy Equity Partners, Rally Capital, Columbia Capital, Battery Ventures, DCM, Highside Capital Management and T-Mobile Venture Fund. TTM said it is currently constructing wireless backhaul networks in Richmond and Norfolk, Virginia, Minneapolis-St. Paul, Central and Eastern Pennsylvania, New Jersey and Delaware, for several national and regional wireless carriers.