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CONX Enhances Market Position with Strategic Acquisition
The latest announcement is out from CONX ( (CNXX) ).
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CONX Corp has acquired a controlling interest in RED Technologies, a leader in spectrum-sharing technologies, for up to €18.6 million. This strategic acquisition aims to enhance CONX’s position in the connectivity sector by leveraging RED’s innovative solutions for the CBRS market. The deal promises to bolster the development of advanced features aligning with the FCC’s vision, while RED’s management remains in charge to drive growth in the U.S. and Europe. Additionally, CONX has initiated a warrant buyback program, reflecting its commitment to creating long-term value.
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