Evli Bank Plc acted as Lead Manager in Ukkoverkot Oy’s convertible bond issue amounting to EUR 9.3 million. The issue was directed to institutional and other selected investors.
Ukkoverkot Ltd is a Finnish mobile data operator, that maintains, sells and markets a 450 MHz 4G LTE mobile data network that covers all of Finland. The company focuses purely on the production of wireless telecommunication services, especially for companies, authorities and other demanding user groups and therefore does not offer voice- or SMS services. In addition to the country wide network service, Ukkoverkot offers high-speed mobile network solutions in a narrower coverage area for both continuous and temporary needs. The company’s operations are based on providing services particularly where the power of mass communication solutions run out.
This funding will allow Ukkoverkot to accelerate the development of its 4G LTE data networks and to develop its sales and marketing efforts. Part of the funding will also be used for other growth-related investments. For more information on the company, visit www.ukkoverkot.fi
For more information please contact:
Petteri Nurminen, Evli Bank Plc, Corporate Finance, +358 40 509 5665, email@example.com
Lauri Vehkaluoto, Evli Bank Plc, Capital Markets, +358 50 422 6388, firstname.lastname@example.org