CONX Corp. Acquires Controlling Stake in RED Technologies SAS

CONX Corp., through its subsidiary RED Tech US, LLC, acquired approximately 68% of Paris-based RED Technologies SAS for a maximum purchase price of about EUR 18.6 million in cash, with the remaining shares to be acquired upon achievement of milestones. The acquisition positions CONX to expand its spectrum-sharing and private network capabilities in the CBRS market and accelerate RED Technologies' product development and U.S./international growth.