Bell Technology Group Ltd, a New York-based internet service provider, says it will raise up to $140m in a private placement of high-yield securities. The company won’t say what it will use the proceeds for but its most likely use would be to expand its network and for working capital purposes. Bell provides high- bandwidth dedicated internet access, web hosting and co-location facilities, value-added systems and network integration, digital web design corporate training. The company currently provides services to some 450 clients in New York.
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