Brief: Sequans Communications Says Got Into Asset Purchase Deal To Sell 4G Technology Portfolio To Qualcomm Technologies For $200 Mln

Sequans Communications SA

23/08/2024 12:05

Aug 23 (Reuters) - Qualcomm Inc  QCOM.O :
    * SEQUANS COMMUNICATIONS: GOT INTO ASSET PURCHASE DEAL TO
SELL 4G
TECHNOLOGY PORTFOLIO TO QUALCOMM TECHNOLOGIES FOR $200 MILLION
    * SEQUANS COMMUNICATIONS: TO RETAIN FULL RIGHTS TO USE
ACQUIRED
TECHNOLOGY COMMERCIALLY, VIA PERPETUAL, LICENSE, TO CONTINUE
DEVELOPING 4G BUSINESS
    * SEQUANS COMMUNICATIONS: AGREED TO EXCLUSIVE DEALING
COVENANT
RESTRICTING ABILITY TO SOLICIT ALTERNATIVE PROPOSALS FROM 3RD
PARTIES

Source text for Eikon:  ID:n0001383395-24-000052 
Further company coverage:  QCOM.O 

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