Tuesday, August 18, 2009

NewPath Networks Gets $10M In Credit Line

Seattle-based NewPath Networks, a designer of distributed antenna systems for the wireless telecom industry, said Monday that it has scored a $10M line of credit from Square 1 Bank. The firm said the credit line will go to help expand its networks in new and existing markets in the U.S. NewPath's networks are used to expand the coverage of wireless carriers, particularly where it's difficult to add cell sites, towers, or on corporate or university campuses.