Ethernit Networks additional payment under Share Subscription Agreement

Ethernity Networks Ltd (LON:ENET), a leading supplier of networking processing technology ported on FPGA for virtualised networking appliances, has announced that, under the investment agreement with 5G Innovation Leaders Fund LLC, a U.S.-based specialist investor, as announced on 25 September 2020, the Subscriber has elected to make an additional payment of £256,766, rather than apply the 880,000 Shares issued to the Subscriber at the time of the Agreement towards the number of Shares that the Company issues under the Agreement. Payment has been received by the Company.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
Twitter
LinkedIn
Ethernity Networks plc

More articles like this

Ethernity Networks plc

FPGA as a platform for complete network disaggregation

While disaggregation has become standard in data centers and cloud networks, it has yet to penetrate fully at the network edge. There has been a separation of hardware and software vendors, leading to the usage of

Ethernity Networks Ltd

How operators can pace their 5G UPF investments

At this point in the 5G rollout, it’s safe to say that most providers are satisfied with the capacity of their UPF (User Plane Functionality) software. As the primary data processing platform between the Radio Access

Ethernity Networks Ltd

5G should take advantage of existing PON

While we have been promised 10 Gbps download speeds with 5G, an order of magnitude higher than its 4G predecessor, there are inherent challenges in 5G infrastructure. The major tradeoff of 5G technology is higher speed