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Short Take: Urban Media gets $32 million in funding

Urban Media, an on-site service provider targeting the multi-tenant unit office building market with communications services, secured $32 million in debt financing. Financing firms Comdisco and Western Technology Investment will each contribute $16 million. Urban Media plans to use the money to fund its network construction in several major cities nationwide. The company also recently announced a $30 million deal with Nortel Networks and appointed Patrick Ciganer as chief financial officer.

Urban Media, an on-site service provider targeting the multi-tenant unit office building market with communications services, secured $32 million in debt financing. Financing firms Comdisco and Western Technology Investment will each contribute $16 million. Urban Media plans to use the money to fund its network construction in several major cities nationwide. The company also recently announced a $30 million deal with Nortel Networks and appointed Patrick Ciganer as chief financial officer.