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BATM gets its teeth into 5G

Following this week's BATM Advanced Communications Ltd (LON:BVC) US$18mln raiser through a placing to support the development of its technology, CEO Zvi Marom talks to Proactive Investors London. And it's all about acquisitions and the up and coming 5G 'tsunami'.
Marom says the company will put out 33.2mln new ordinary shares at a price of 42.5p each, representing 7.6% of its enlarged share capital, as part of the fundraise. In morning trading on Tuesday.
Zvi says the net proceeds will be used for advancing the NFV projects and for new products and use case development for 5G networks, which it believes is a "key growth area” for the business in the “short to medium term”.
The funds will also enable BATM to pursue potential acquisitions in networking and cyber.
"This is an exciting time for BATM with great progress being made across our business units, and particularly with our NFV activities and molecular diagnostics," said Marom.

Quick facts: BATM Advanced Communications Ltd

Price: 38 GBX

LSE:BVC
Market: LSE
Market Cap: £167.31 m
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