Inseego Completes Sale of Telematics Business For $52 Million in Cash [Yahoo! Finance]
Inseego Corp. (INSG)
Last inseego corp. earnings: 3/11 04:23 pm
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US:NASDAQ Investor Relations:
investor.inseego.com/investor-relations
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Source: Yahoo! Finance
solutions for mobile network operators, Fortune 500 enterprises, and SMBs, today announced the successful completion of the previously announced sale of its global telematics business for $52 million dollars (USD) in an all-cash transaction to Ctrack Holdings, a portfolio company of Convergence Partners. The transaction involves the divestiture of Inseego's telematics business that operates across the United Kingdom, the European Union, Australia and New Zealand. “We are pleased to announce that the sale of our telematics business has been finalized, which will allow us to focus on our core 5G business,” said Philip Brace, Executive Chairman of Inseego. “We would like to thank the team members of the telematics business for their hard work and years of service to Inseego, and we wish them the best.” The sale of the telematics business served two important purposes of allowing the Company to focus on driving growth in its core 5G domestic business and providing cash for the recapit
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INSG
News
- Inseego Corp. (NASDAQ: INSG) had its price target lowered by analysts at Stifel Nicolaus from $17.00 to $12.00. They now have a "hold" rating on the stock.MarketBeat
- Inseego Declines 24% in a Month: Buy, Sell or Hold the Stock? [Yahoo! Finance]Yahoo! Finance
- Inseego Completes Sale of Telematics Business For $52 Million in CashGlobeNewswire
- Are Options Traders Betting on a Big Move in Inseego (INSG) Stock? [Yahoo! Finance]Yahoo! Finance
- Inseego Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag [Yahoo! Finance]Yahoo! Finance
INSG
Earnings
- 11/12/24 - Miss
INSG
Sec Filings
- 1/2/25 - Form 424B3
- 12/31/24 - Form EFFECT
- 12/19/24 - Form 8-K
- INSG's page on the SEC website