Monday, March 13, 2006

New Global Telecom Raises $11 million for VoIP Expansion

New Global Telecom (NGT), a provider of hosted VoIP services, raised announced the completion of a $10.75 million Series A Preferred Stock financing round to fund continued expansion. The company added 58,000 VoIP end-user seats through 2005, bringing its total at year-end to over 61,000 seats.



The funding round was led by Comcast Interactive Capital and included new investors Centennial Ventures and Columbia Capital, as well as existing investor ICG Communications.

http://www.ngt.com

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