ecotel has received € 5 million financing funds in the context of the ERP innovation program of the Kreditanstalt für Wiederaufbau (KfW) and Commerzbank. ecotel is going to use the proceeds for the development of innovative fixed mobile convergence products.
€ 2.5 million of the loan amount comprise a debt capital tranche of Commerzbank with a maturity of 10 years and amortization starting after 2 years.
The other 2.5 million euros of the loan are the subordinated tranche of KfW with a maturity of 10 years and amortization starting after 7 years.
"We have significantly strengthened our financial leeway. Now
€ 2.5 million of the loan amount comprise a debt capital tranche of Commerzbank with a maturity of 10 years and amortization starting after 2 years.
The other 2.5 million euros of the loan are the subordinated tranche of KfW with a maturity of 10 years and amortization starting after 7 years.
"We have significantly strengthened our financial leeway. Now
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