ConnectM Secures Transformative Master Services Agreement With Devlin Energy; Expected To Add $20M+ In Revenue In Next Twelve Months
Portfolio Pulse from Benzinga Newsdesk
ConnectM Technology Solutions, Inc. (NASDAQ:CNTM) has entered a Master Services Agreement with Devlin Energy, expected to add over $20 million in revenue in the next year. The agreement includes an option for ConnectM to acquire Devlin Energy, contingent on meeting specific financial targets.
October 01, 2024 | 12:35 pm
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ConnectM has secured a Master Services Agreement with Devlin Energy, expected to boost revenue by over $20 million in the next 12 months. The agreement also includes an option to acquire Devlin Energy, contingent on meeting revenue and net income targets.
The MSA with Devlin Energy is a significant growth opportunity for ConnectM, expected to add substantial revenue. The acquisition option further enhances strategic growth potential, making this news highly relevant and positive for CNTM's stock.
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