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Zenitel increases its capital with 18 million EUR

ZENITEL intends to increase its capital with 18 million EURO.

This is a necessary step to enable the company to further invest in its 2 strategic initiatives, more specifically, the further roll-out of the TETRA radio networks, mainly in the Netherlands and Belgium and the further development and sales of VoIP (Voice over IP) applications related to the intercom platform. The proceeds of the capital increase will also enable ZENITEL to cover its liquidity gap and to strengthen its balance sheet.

In the past 2 years, ZENITEL has made important steps towards sustainable growth. ZENITEL increasingly focuses on users of critical (reliable) communication. The recently announced sale of its subsidiary ZENITEL Colsys s.r.o. also underlines this focus strategy.