The global IoT (Internet of Things) wireless communication modules provider Fibocom has signed an agreement with three investment institutions to acquire the automotive embedded module product line of Sierra Wireless through its joint venture company. After completion of the deal, the joint venture company Rolling Wireless (H.K.) Limited will operate the global automotive embedded module business independently.
- Fibocom signed an agreement with three professional investment institutions, namely SHENZHEN CAPITAL GROUP CO., LTD., Shenzhen Jianxin Huaxun Equity Fund Management Co., and Shenzhen Qianhai Red Earth M&A Fund Partnership (Limited Partnership).
- All partner companies planning to jointly increase investment in Rolling Wireless Technology Co., Limited, a joint venture company invested by the four parties. The funds will be used for the acquisition of the automotive embedded module assets of Sierra Wireless through Rolling Wireless (H.K) Limited, the subsidiary of Rolling Wireless Technology Co., Limited.
In July 2020, Fibocom announced to sign up 5G/IoT Strategic Partnership Agreement with Ericsson. Ericsson is one of the worlds leading providers of Information and Communication Technology (ICT) to service providers.
In July 2020, Fibocom announced the release of the new 5G wireless module FG650 powered by Unisocs V510. Fibocom FG650 5G module is a high-performance, affordable 5G module based on V510, an industrial-grade chipset platform designed by Unisoc, one of the leading chipset providers in China. FG650 supports both 5G standalone (SA) and non-standalone (NSA) network architectures, supports 5G Sub 6 and global mainstream frequency bands.
Fibocom, headquartered in Shenzhen, China, is a global provider of IoT (Internet of Things) wireless solution and wireless communication modules. The company provides technically advanced and high-performance 5G, 4G, NB-IoT/eMTC, and smart, auto-grade, GNSS, Wi-Fi/BT wireless modules. The company has presence in North America, Europe, India, Taiwan, and HongKong and serving customers in more than 100 countries.