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Inseego Completes Sale of Telematics Business For $52 Million in Cash

  • Inseego Corp completes the sale of its global telematics business for $52 million in cash.
  • The telematics business operated in the United Kingdom, European Union, Australia, and New Zealand.
  • The sale allows Inseego to focus on its core 5G business and provides cash for debt reduction.
  • Telematics combines telecommunications and monitoring systems to track and analyze data from assets like vehicles and equipment.

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