Cerberus Telecom Acquisition Corp. (CTAC) to Combine with KORE Wireless in $1Bn Deal

Cerberus Telecom Acquisition Corp. (CTAC) to Combine with KORE Wireless in $1Bn Deal

Cerberus Telecom (NYSE:CTAC) has entered into a definitive agreement to combine with internet-of-things (IoT) provider KORE Wireless at an enterprise value of $1.014 billion, or 4.9x its 2020 revenue. KORE provides connectivity hardware and service for smart devices and is working to move into the new world of 5G. The combined entity is expected to
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