Tropic Reveals Investors

Enron Broadband Services and Anschutz Investment Co. were key investors in Tropic’s $60 million second round of funding

July 10, 2001

1 Min Read

ANDOVER, Mass., and OTTAWA -- Tropic Networks Inc.,a ground-breaking company building optical packet network (OPN) systemsfor carriers who demand a greater ability to cost-effectively scaletheir metropolitan area networks, today announced that Enron BroadbandServices, a subsidiary of Enron Corp. (NYSE: ENE) and AnschutzInvestment Company were key investors in Tropic’s previously announced$60 million second round of funding. Anschutz Investment Company is thefinancial arm of the Anschutz Company, which founded and incubated QwestCommunications. “The relationships we have been able to forge with Enron and Anschutzare votes of confidence for Tropic’s optical packet networking vision,and enhance our credibility in the wide-open metro market,” said KevinRankin, president and CEO for Tropic Networks. “The business insightthat comes with the involvement of these blue chip investors isinvaluable to Tropic’s continued success.”Tropic Networks Inc.

Subscribe and receive the latest news from the industry.
Join 62,000+ members. Yes it's completely free.

You May Also Like