Semiconductor supplier Semtech has signed an agreement with media conglomerate Comcast to trial a deployment of the Lorawan network in the US. Should the trial of the network be successful, it could be expanded to up to 30 US cities within 30 months. The deal allows Comcast to purchase approximately $3.8m of Semtech common stock. Semtech predicts a reduction to its GAAP net sales of up to $30m in the third quarter of the 2017 fiscal year.
Semiconductor supplier Semtech has signed an agreement with media conglomerate Comcast to trial a deployment of the Lorawan network in the US. Should the trial of the network be successful, it could be expanded to up to 30 US cities within 30 months. The deal allows Comcast to purchase up to $30m of Semtech common stock. Semtech predicts a reduction to its GAAP net sales of approximately $3.8m in the third quarter of the 2017 fiscal year.