Fibernet placing raises $4.35m

Fibernet placing raises $4.35m
Alex Mayhew-Smith Fibernet Group, the data networking specialist, has issued 975,000 new shares which raised $4.35m. The money will be used by Fibernet arm Tanet to finance extension of its UK telecommunications network. Fibernet also said it is in discussions with several companies following a strategic review launched last November.


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