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Beam Communications Holdings Limited ( (AU:BCC) ) just unveiled an announcement.
Beam Communications Holdings Limited announced the receipt of a second draft valuation report for its joint venture, Zoleo Inc., from Secretariat Advisors, LLC. The final valuation report is expected in mid-August, with Roadpost Inc. scheduled to make an initial payment for Beam’s share in the joint venture by mid-September. Additionally, Beam will receive approximately US$2.6 million from Roadpost under a separate settlement agreement, expected in December 2025.
More about Beam Communications Holdings Limited
Beam Communications Holdings Limited is an Australian publicly-listed company specializing in the design, development, manufacture, and distribution of satellite, cellular, and dual-mode equipment applications and services. The company has developed several world-first innovations and its products and services are utilized by major satellite and telecommunications companies such as Iridium, Telstra, KDDI, Inmarsat, and Thuraya. Beam is also known for the multi-award-winning ZOLEO device, which provides recurring subscription revenues.
Average Trading Volume: 76,068
Technical Sentiment Signal: Buy
Current Market Cap: A$11.67M
For detailed information about BCC stock, go to TipRanks’ Stock Analysis page.