Coyote Networks Signs Lease With First Venture

Coyote Networks Inc. of Westlake Village said it has signed a $15-million lease agreement with First Venture Leasing LLC. The leasing program creates a financing package for equipment and services for Coyote’s customers and to expand its own network. The lease financing is subject to certain conditions. The company also is in active negotiations with other third-party leasing companies.

First Venture was formed in 1999 to serve the expanding market for leasing voice-over Internet protocol equipment.

Coyote Networks provides telecom switching equipment, network carrier services and applications, primarily to emerging and entrepreneurial carriers.