The funds secure the company’s necessary liquidity for its current activity in 2021, according to data from representatives of the two lenders.
“This financial package substantially supports us in order to achieve our ambitious objectives. Deltatel is a dynamic and constantly changing company. Despite the pandemic, we took it into our head to not come to a standstill and we are trying to capitalize on each opportunity. To this end, we have diversified the range of services and invested in a new business line: IoT and Smart Solutions. Currently, our portfolio consists of four business lines: Telecom, Software, IoT and Utility Management,” stated Gelu Crasnic, CEO of Deltatel.
The company has 429 employees and reported a turnover of EUR12.7 million in 2020.
For 2021, Deltatel targets a turnover of over EUR20 million by developing new business lines in the field of IoT solutions and infrastructure services.
Deltatel has offices in the cities of Timisoara and Sofia. In its activity of over 15 years, the company has operated in over 70 countries, providing telecom services for companies like Nokia, Orange, Thales, Ericsson, Siemens and Huawei.