Beam Communications finalizes the independent valuation of its Zoleo Inc. joint venture stake at US$13.7 million and confirms plans to return capital to shareholders.
Etherstack’s US subsidiary has locked in a significant seven-year Master Supply Agreement with AT&T, promising steady revenue and validating its mission-critical telecom technology.
Beam Communications has finalized a settlement with Roadpost Inc. that will see it receive approximately AU$4.1 million in addition to proceeds from selling its 50% stake in Zoleo Inc. This payment covers early royalties and inventory adjustments, setting the stage for a major capital return review.