Alphawave IP Group PLC Acquisition of OpenFive Approved by All Regulators (3047X)
26 Agosto 2022 - 1:00AM
UK Regulatory
TIDMAWE
RNS Number : 3047X
Alphawave IP Group PLC
26 August 2022
Alphawave IP Acquisition of OpenFive Approved by All
Regulators
CIFIUS clearance received and transaction expected to close in
September 2022
LONDON, United Kingdom and TORONTO, Ontario, Canada Aug 26, 2022
- Alphawave IP Group plc (LN:AWE, "Alphawave IP", the "Company"), a
global leader in high-speed connectivity for the world's technology
infrastructure, is pleased to announce that it has received all
regulatory clearances required for the completion of the previously
announced acquisition of OpenFive, including approval from the
Committee on Foreign Investment in the United States (CFIUS).
The transaction is expected to close in September 2022 subject
to the satisfaction of other customary closing conditions.
The Company will provide a further update once the acquisition
has completed.
Contact Information:
Alphawave IP Group John Lofton Holt, Executive ir@awaveip.com
plc Chairman +44 (0) 20 7717 5877
Jose Cano, Global Head
of IR
--------------------- ------------------------------- ---------------------------
Brunswick Group Simone Selzer alphawave@brunswickgroup.com
Sarah West +44 (0) 20 7404 5959
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Gravitate PR Lisette Paras alphawave@gravitatepr.com
Wynton Yu +1 415 420 8420
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About Alphawave IP Group plc (LSE:AWE)
Faced with the exponential growth of data, Alphawave IP's
technology services a critical need: enabling data to travel
faster, more reliably and with higher performance at lower power.
Alphawave IP is a global leader in high-speed connectivity for the
world's technology infrastructure. Our IP solutions meet the needs
of global tier-one customers in data centers, compute, networking,
AI, 5G, autonomous vehicles, and storage. Founded in Toronto,
Canada in 2017, by an expert technical team with a proven track
record in licensing semiconductor IP, our mission is to focus on
the hardest-to-solve connectivity challenges. To find out more
about Alphawave IP, visit: awaveip.com
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