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LITTLETON, Colo. , Dec. 5, 2024 /PRNewswire/ -- CONX CORP. (OTC: CNXX) ("CONX") today announced the acquisition of a controlling interest in Red Technologies SAS ("RED Technologies"), through its wholly-owned subsidiary, RED Tech US, LLC, for a maximum purchase price of approximately EUR 18.6 million in cash, subject to certain adjustments. CONX acquired approximately 68% of RED Technologies' outstanding share capital at closing, with the remainder of the shares to be acquired in future installments based on the achievement of certain milestones. The executive team of RED Technologies, Pierre-Jean Muller (Co-Founder and CEO) and Michael Abitbol (Co-Founder and COO), will continue to manage the operations of RED Technologies, aimed at establishing the company as a viable alternative in the CBRS market. "The acquisition of RED Technologies by CONX is a pivotal milestone on our path to serve as a viable alternative to the current duopoly in the SAS space," said RED Technologies CEO P.J. Muller . "This partnership strengthens our ability to innovate and enhance the CBRS ecosystem for the benefit of all operators and stakeholders. With support and investment from CONX, we are poised to accelerate the development of cutting-edge features, such as GAA coexistence, Network Planner, and AI-based CBRS analytics, that align with our mission to support the FCC's vision and empower rural broadband and the nascent Private Network industry." "CONX was formed to invest in next generation connectivity opportunities and their supporting infrastructure assets," said CONX CEO Jason Kiser . "Through RED's unique opportunity as a technology enabler for spectrum allocation, we have positioned CONX to create long term value across multiple sectors. We look forward to RED becoming a best-in-class Spectrum Access System (SAS) operator with potential to grow throughout the United States and internationally." CONX also announced Marc Rouanne will join the RED Technologies board. Marc is the Co-Founder, Chairman and CTO of Edgescale AI, a SaaS developer focused on connecting cutting-edge AI with data and devices in physical systems. Most recently, he was the Chief Network Officer for DISH Wireless responsible for designing DISH's 5G Network. In addition, Marc has more than 20 years of international management experience in the telecommunications industry, having held executive positions in R&D, customer operations and product management in the U.S., France and Finland , including as President of Mobile Networks at Nokia and Chairman of the Board of Alcatel-Lucent. About CONX Corporation (OTC: CNXX) CONX is a diversified operating entity seeking opportunities to power the next generation of innovators in communications and connectivity. CONX's mission is to partner with emerging companies with quality management and strong and differentiated business models with the ability to scale quickly. About RED Technologies Established in 2012 and headquartered in Paris, France , RED Technologies SAS ("RED Technologies") specializes in spectrum-sharing technologies and services. The company offers scalable, cloud-based solutions for Citizens Broadband Radio Service (CBRS) and Television White Space (TVWS), catering to operators across various sectors, and provides operated 5G connectivity solutions that democratize access to 5G technology for companies aiming to modernize their communications infrastructure in both the U.S. and European markets. RED Technologies has been a pioneer in spectrum sharing technologies and actively contributed to the CBRS regulatory and standard developments. RED Technologies' team is constituted of first-class engineers coming from top tier telecom vendors and operators. Important Notice The description contained herein is neither an offer to purchase nor a solicitation of an offer to sell securities of CONX. Forward-Looking Statements This press release contains certain statements which may constitute "forward-looking statements." Actual results could differ materially from those projected or forecast in the forward-looking statements. The factors that could cause actual results to differ materially include, but are not limited to, the following: the possibility that the parties may be unable to achieve expected synergies and operating efficiencies pursuant to the transaction within the expected timeframes or at all and to successfully integrate Red Technologies' operations into those of CONX ; such integration may be more difficult, time consuming or costly than expected; revenues following the transaction may be lower than expected; operating costs, customer loss and business disruption (including, without limitation, difficulties in maintaining relationships with employees, customers, clients or suppliers) may be greater than expected following the transaction; the retention of certain key employees at Red Technologies; the parties' ability to meet expectations regarding the accounting and tax treatments of the transaction; CONX and Red Technologies are subject to intense competition; Red Technologies' products must remain compatible with, and its product development is dependent upon access to, changing operating environments; we may become dependent upon large transactions; customer decisions are influenced by general economic conditions; third parties may claim that RED Technologies' products infringe their intellectual property rights; fluctuations in non-U.S. currencies could result in transaction losses; acts of war and terrorism may adversely affect CONX's and RED Technologies' business; the volatility of the international marketplace; and the other factors discussed in "Risk Factors" in CONX's Registration Statement on Form S-1 filed with the Securities and Exchange Commission (the "SEC") on May 29, 2024 (as amended), and in other reports we file with the SEC, which are available at http://www.sec.gov . CONX expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in CONX's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof. View original content: https://www.prnewswire.com/news-releases/conx-corp-announces-acquisition-of-red-technologies-sas-302324446.html SOURCE CONX Corp.
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MILAN : Inter Milan coach Simone Inzaghi applauded his side after they held on for a slender 1-0 home win against RB Leipzig on Tuesday to go top of the Champions League standings. An own goal by RB Leipzig defender Castello Lukeba put Inter in front in the 27th minute before the Italian champions let their guard down in the second half and the visitors threatened an equaliser. "We are satisfied, we knew the importance of tonight's match," Inzaghi told Sky Sport. "We were playing against a valuable team, who until Sunday had the best defence in the Bundesliga. We played a great game, we were always balanced and it's not easy with them. "It's a shame we didn't score the second goal, but the team suffered relatively little." Denzel Dumfries misfired when presented with a good chance just after the restart and Henrikh Mkhitaryan thought he had doubled Inter's lead in stoppage time, but the goal was ruled out for a foul in the buildup. "There is clearly satisfaction, but to get into the top eight we still need a small step," Inzaghi said. Inter top the table with 13 points from five games, one point above second-placed Barcelona and third-placed Liverpool, who host defending champions Real Madrid on Wednesday. The top eight teams in the competition's new league phase qualify automatically for the last 16, and the next 16 go into a two-legged playoff to join them. "We've had an excellent run, four consecutive victories and five games without conceding a goal," Inzaghi added. "I was afraid of tonight's game, but the team is mature and knew not to be influenced by Leipzig's zero points." Leipzig, who are third in the Bundesliga, have not won a game in November and are still searching for their first European points after five consecutive defeats.
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PHILADELPHIA--(BUSINESS WIRE)--Dec 6, 2024-- Comcast today announced the exclusive premiere of Our Blues Makes Us Gold, a feature-length documentary that examines the history and global impact of North Carolina Agriculture and Technical State University, the country’s largest historically Black university, from filmmakers Brandon Gerard and Ashley Shanté. The documentary is available for free as part of Comcast’s Black Experience on Xfinity and Xumo Play. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241206243624/en/ Comcast Premieres "Our Blues Makes Us Gold" on Black Experience on Xfinity (Graphic: Business Wire) Launched in 2021, Comcast’s Black Experience is a comprehensive content destination that features the ultimate in Black storytelling from diverse programming partners and film studios and has released a variety of original documentaries to showcase diverse talent and content creators. Black Experience is available across Xfinity’s entertainment devices, including X1, Flex and Xumo Stream Box, as well as on Xumo Play, a free ad-supported streaming TV (FAST) app available on major streaming platforms. Our Blues Makes Us Gold explores the legacy and future of North Carolina A&T and captures the university’s unique position as both a powerhouse in STEM education and a historically agricultural institution, sharing the voices and viewpoints of alumni and students who bring its story to life. “We are honored to collaborate with filmmakers Ashley and Brandon to bring this remarkable documentary to the Black Experience on Xfinity and Xumo Play,” said Loren Hudson, SVP & Chief Diversity Officer, Connectivity and Platforms, Comcast. Behind the lens are Ashley and Brandon, a husband-and-wife duo with over 20 years of professional experience in film production. Through their production company, From A2B Entertainment, they deliver stories that blend emotional depth with a fresh, contemporary style. "A few years ago, I was in the writers room pitching for a new character to be an HBCU graduate,” shared Ashley. “The painfully loud silence of my colleagues was eventually followed by really insulting questions. I left the room feeling angry that day. That anger fueled the conversation I had with Brandon, which resulted in our big idea, to show the greatness and impact of a real life HBCU and bring it to a mainstream audience. We were told many times this couldn't be done. We refused to accept that." “We wanted this film to feel like stories by the campfire with ancestors, mixed with the urgency of a call to action to protect sacred and necessary institutions like North Carolina A&T,” said Brandon. “We are thankful to Comcast, Xfinity and Xumo for partnering with us to amplify the stories of our community’s real-life superheroes.” Xfinity customers can find the Black Experience on X1, Flex or Xumo Stream Box by saying “Black Experience” into their voice remote. X1 customers can also enjoy a curated channel of some of the best and most popular programming Black Experience has to offer on channel 1622 within the programming guide. Additionally, the Black Experience destination and channel are both available on Xumo Play, bringing programming like Our Blues Makes Us Gold to customers across the country. About Comcast Corporation Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company. From the connectivity and platforms we provide, to the content and experiences we create, our businesses reach hundreds of millions of customers, viewers, and guests worldwide. We deliver world-class broadband, wireless, and video through Xfinity, Comcast Business, and Sky; produce, distribute, and stream leading entertainment, sports, and news through brands including NBC, Telemundo, Universal, Peacock, and Sky; and bring incredible theme parks and attractions to life through Universal Destinations & Experiences. Visit www.comcastcorporation.com for more information. View source version on businesswire.com : https://www.businesswire.com/news/home/20241206243624/en/ CONTACT: William Bell Comcast Corporation william_bell2@comcast.com KEYWORD: PENNSYLVANIA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: CARRIERS AND SERVICES ENTERTAINMENT INTERNET FILM & MOTION PICTURES PROFESSIONAL SERVICES TECHNOLOGY UNIVERSITY DEI (DIVERSITY, EQUITY AND INCLUSION) GENERAL ENTERTAINMENT OTHER ENTERTAINMENT EDUCATION TV AND RADIO SOURCE: Comcast Corporation Copyright Business Wire 2024. PUB: 12/06/2024 03:00 PM/DISC: 12/06/2024 03:00 PM http://www.businesswire.com/news/home/20241206243624/enThe city of Busselton announces several recipients for this year’s community funding scheme