Brief: Wyld Networks To Reduce Operating Costs
14/06/2024 11:03
June 14 (Reuters) - Wyld Networks AB WYLD.ST :
* WYLD NETWORKS ANNOUNCES NEW ACTION PLAN TO BOTH ACCELERATE
THE
ROLL OUT OF ITS SATELLITE IOT SERVICE USING L-BAND SATELLITE
COVERAGE AND REDUCE OPERATING COSTS
* EXPERIENCED DELAYS IN DELIVERING SATELLITE IOT SERVICES TO
MARKET
* ONGOING COST CUTTING EXERCISE PLANS TO RESULT IN A
REDUCTION OF
OPERATING COSTS OF APPROXIMATELY 40% (SEK 1.5 MILLION PER MONTH)
BY Q4 2024.
Source text for Eikon: ID:nWkr7QWW6f
Further company coverage: WYLD.ST
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