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Baylin Technologies Announces the Sale of its Mobile and Network Business

Newswire.ca - Tue Jul 9, 6:55AM CDT

TORONTO, July 9, 2024 /CNW/ - Baylin Technologies Inc. (TSX: BYL) (the "Company") is pleased to announce that it has entered into an agreement to sell the Company's Mobile and Network business unit to a strategic acquiror from Korea for purchase consideration that includes substantially all liabilities of the business. Subject to receipt of regulatory and other approvals and satisfaction of other closing matters, the Company expects to complete the transaction in the third quarter.

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