Tuesday, November 6, 2007

Telecom Transport Management Raises $120M

Seattle-based Telecom Transport Management said today that it has raised a huge, $120M Series D financing for the firm's voice and data transport backhaul services. According to TTM, the round was led by Columbia Capital and Battery Ventures. The round is tranched into a $55M investment now, with up to $65M in additional equity in the future. According to TTM, the funding will be used to build out its TDM and Ethernet backhaul for wireless carriers in the US. Other investors in the round include DCM, Highside Capital Management, SeaPoint Ventures, Ignition Partners, Trilogy Equity Partners and Rally Capital. The Series D round brings its total raised to date to $72M. More information »