Smart is boosted by €55m deal

SMART TELECOM has raised €55.2 million in new funding.

This involved placing 150 million new ordinary shares at 20p per share (worth €44.4m) and a debt equity conversion of €10.8m.

Oisin Fanning, Chief Executive of Smart Telecom said the placing provides funding “to deliver the aggressive rollout of our corporate and residential services in Ireland.”