Posted October 07 , 2021
IoT connectivity and solutions company Kore Wireless has begun trading on the New York Stock Exchange, after completing its combination with Cerberus Telecom Acquisition Corp. (CATC).
Kore Wireless President and CEO Romil Bahl sees a huge decade ahead for IoT; the company expects to see the market grow from about 12 billion IoT devices at the end of 2020 to 75 billion by 2030. He says that Kore’s transition to public company will reduce its debt, open up potential acquisitions that add to its capabilities, and enable it to grow faster.
“I think it now positions us to work this next decade of IoT as a public company and hopefully go from strength to strength,” said Bahl.
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