Sequans Communications S (SQNS) has released an update.
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Sequans Communications S.A., a prominent 5G/4G IoT solutions provider, has announced standstill agreements with its main financial debt holders to delay imminent debt maturities. This move aims to buy time for the company to negotiate a strategic transaction that benefits all stakeholders. Amidst this financial maneuvering, Sequans is actively engaging in discussions with multiple industry participants, following the end of a key partnership.
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