[November 19, 2009] Sequans Communications secures venture funding Tweet Nov 19, 2009 (Datamonitor Financial Deals Tracker via COMTEX) -- Sequans Communications, a France-based developer and supplier of fixed and mobile WiMAX (Worldwide Interoperability for Microwave Access) semiconductor solutions, has secured new round of venture capital funding led by Alcatel-Lucent and Motorola Ventures, with participation from existing investors. Deal Type Venture Finance Sub-Category Growth Capital/Expansion Deal Status Completed: 2009-11-19 Deal Participants Target (Company) Sequans Communications Acquirer (Company) Alcatel-Lucent Deal Rationale Sequans Communications plans to use the funds to accelerate its LTE development timeline and to add resources to its LTE teams, and intends to demonstrate its first LTE samples in early 2010 in support of pre-commercial operator trials. [ Back To TMCnet.com's Homepage ]