Eurobites: Sequans sells 4G IoT tech to Qualcomm

France-based chip firm Sequans has agreed to sell its 4G IoT technology to Qualcomm. The US company believes that the acquisition will strengthen its industrial IoT portfolio and give it a shot at becoming a leader in the sector. Financial details of the deal have not been disclosed. The news was announced as Sequans revealed its second-quarter results, which saw its revenues climb 5.4% year-over-year, to $9.7 million, and its operating loss narrow to $3.7 million, compared with a $5.4 million deficit a year ago. License and services revenue accounted for 75% of the total, largely driven by the Monarch 2 manufacturing license agreement that Sequans announced in June, which has only now been revealed as involving Qualcomm. Sequans will retain full ownership of its 5G intellectual property, as well as the right to sell, support, maintain and enhance its existing 4G product range and develop new versions of chips and modules using these technologies.

Telenor has chosen to use ADB's Graphyne video management system for its TV services in Sweden and Finland. Graphyne aggregates the operator's own content – including live channels, recordings, catch-up and VoD libraries – with third-party streaming services onto one platform.

Middle Eastern operators du and e& have hooked up with property developer Nakheel to supply fixed-line connectivity for major infrastructure projects in the UAE, one such being the Taawun initiative, which is being touted as a robust telecom infrastructure backbone for property developers in the region.

The €143 million ($159 million) sale of Proximus' Brussels headquarters to developer Immobel, announced in March 2022, has run into the sand. According to the Belgian operator, Immobel's failure to exercise its call option on the deal means that Proximus will retain full ownership of the building for the time being. It will also get to keep the €30 million ($33.3 million) down payment made on the deal by Immobel in December 2023.