Sequans Communications S A (SQNS) has released an update.
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Sequans Communications S.A. has announced a significant deal to sell its 4G IoT technology to Qualcomm for $200 million, while maintaining the rights for ongoing use and future development. The company reported a 5.4% increase in second quarter revenue year-over-year, with a notable 60.5% sequential increase. Sequans will continue to focus on its 5G technology and expects a stronger financial performance moving forward.
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