Sequans Communications more than doubles on selling 4G IoT tech to Qualcomm

Sequans Communications SA

23/08/2024 12:42

** Shares of French-based telecom chips provider Sequans
Communications  SQNS.N  more than double in premarket; last up
176% at $1.50 
    ** Qualcomm  QCOM.O , through subsidiary Qualcomm
Technologies, to buy SQNS' 4G IoT technology for $200 mln 
    ** However, SQNS will retain full rights of the technology
for its ongoing use and continue to serve its IoT markets
    ** As of previous close, SQNS down 80.8% YTD

 (Reporting by Pranav Kashyap in Bengaluru)
 ((Pranav.Kashyap@thomsonreuters.com; +919886482111;))