Half Year 2024 Sequans Communications SA Earnings Call Transcript
Welcome to the Sequans Conference Call to discuss the company's agreement to sell its 4G IoT Technology to Qualcomm and the Preliminary second-quarter 2024 Financial Results. (Operator Instructions) As a reminder, this conference is being recorded. I would now like to turn the call over to Kim Rogers of Hayden IR. Ms. Rogers, you may begin.
Thank you, Laura, and thank you to everyone participating in today's call. Joining me on the call today from Sequans Communications is George Karam, Chairman and CEO. Before I turn over the call to George, I'd like to remind our participants of the following important information on behalf of Sequans. Please note that in that a joint press release was issued today announcing an agreement for Sequans to sell its 4G IoT, while retaining a license for its ongoing use in development for $200 million in an all-cash transaction to Qualcomm Technologies, Inc. to be referred to as Qualcomm on this call, a subsidiary of Qualcomm Incorporated.
In conjunction with this
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