Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Singapore's Temasek invests in firm that delivers internet by light

Published 07/15/2016, 12:17 AM
Updated 07/15/2016, 12:20 AM
© Reuters.  Singapore's Temasek invests in firm that delivers internet by light

SINGAPORE (Reuters) - Singapore state investor Temasek Holdings (TEM.UL) has invested in pureLiFi, a company working on providing high-speed internet access through light, the technology firm said.

Edinburgh-based pureLiFi said in a statement the funding would support development and commercialization of LiFi, which uses visible light instead of radio frequencies to deliver high-speed wireless data.

It did not specify the value of Temasek's investment and Temasek declined to comment on the amount. The company has raised more than $10 million to date.

Temasek is increasing its investments in the technology sector and trimming financials after the value of its portfolio slumped S$24 billion ($17.9 billion) in the past year, the most since 2009.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.