MENU Sequans Communications S.A., a leading developer and provider of 5G/4G for IoT devices, has announced the closing of a multi-year, strategic 5G licensing agreement with a new strategic partner. Under the terms of the agreement, the first three years’ revenue is expected to be in excess of $50 million. An initial payment in excess of 25% of the license will be received within 30 days of the closing, with additional milestone payments scheduled to be received regularly over the next three years. The partner has the rights to manufacture and sell the Taurus 5G platform exclusively in the Chinese...