Semtech Collaborates With Console Connect To Expand Connectivity Coverage In Asia-Pacific
Portfolio Pulse from Benzinga Newsdesk
Semtech Corporation (NASDAQ:SMTC) and Console Connect announced a collaboration to expand Semtech's AirVantage Smart Connectivity service in the Asia-Pacific region. This partnership leverages Console Connect's IMSI service and roaming network to enhance Semtech's service coverage, offering global cellular network flexibility, overcoming regulatory and roaming restrictions. The collaboration aims to provide seamless and affordable roaming for Semtech customers, with access to over 600 partner networks in more than 190 countries, ensuring continuous global connectivity for IoT deployments.
May 02, 2024 | 3:32 pm
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POSITIVE IMPACT
Semtech's collaboration with Console Connect to expand its AirVantage Smart Connectivity service in the Asia-Pacific region could significantly enhance its market presence and customer base in the area. This partnership allows Semtech to offer more resilient and flexible global connectivity solutions, potentially increasing its attractiveness to customers needing reliable IoT connectivity.
The collaboration directly impacts Semtech by expanding its service coverage and potentially increasing its customer base in the Asia-Pacific region. By leveraging Console Connect's network, Semtech can offer enhanced connectivity solutions, which is crucial for IoT deployments. This strategic move is likely to positively influence Semtech's stock in the short term by improving its market position and growth prospects in the IoT sector.
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