Irish tech firm plans growth on foot of €8.6m investment

ALTOBRIDGE, the privately-owned technology group based in Tralee, Co Kerry, is to receive a $12 million (€8.66m) investment to drive its low-cost international mobile global communications business.

The two investors are Intel Capital and IFC, which is the venture capital arm of the World Bank.

While Intel is the lead investor, Dick Spring, the former leader of the Labour Party and current Altobridge chairman, declined to give a breakdown of the figures.