Announced
Financials
Sources
Tags
Acquisition
Cross Border
Telecommunications Equipment
Pending
Disposal
0G networks
Private
Switzerland
Majority
Single Bidder
Friendly
Private Equity
Synopsis
Cube Infrastructure Managers, an independent Luxembourgian management company, agreed to acquire a majority stake in Heliot, the owner and operator of the Sigfox 0G networks in Austria, Switzerland and Liechtenstein. Financial terms were not disclosed. "We challenge and invite industries to evaluate the data they want to collect, to improve their business. Our goal at Sigfox, with our operators and our ecosystem partners, is to minimize data extraction costs. Sharing infrastructure is a first step toward lower TCO, and higher reliability and interoperability," Ludovic Le Moan, Sigfox CEO.
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