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Sequans refinances as Q3 sales fall on LTE-M delays

Tuesday 30 October 2018 | 14:14 CET | News
4G chipmaker Sequans Communications reported third-quarter revenues well below its guidance, saying the LTE-M market is taking off slower than expected. Results in the fourth quarter are expected to be little changed versus Q3, and the company declined to give specific guidance due to the market uncertainty. The group has restructured debt and secured new financing to tide it over til 2019 when the market is expected to pick up.  

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Categories: Mobile & Wireless
Companies: Sequans
Countries: World
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