The latest announcement is out from Beam Communications Holdings Limited ( (AU:BCC) ).
Beam Communications Holdings Ltd announced a delay in the release of the final valuation report for its joint venture, ZOLEO Inc., by the independent valuer Secretariat Advisors, LLC. Instead of the expected release on 5 May 2025, a draft report will be provided to Beam and its partner, Roadpost Inc., for review. The delay in the valuation process may impact the company’s timeline for updating the market on ZOLEO’s valuation, potentially affecting stakeholder expectations and strategic planning.
More about Beam Communications Holdings Limited
Beam Communications Holdings Limited is an Australian publicly-listed company specializing in the design, development, manufacture, and distribution of satellite, cellular, and dual-mode equipment applications and services. The company is known for its world-first innovations and collaborates with major satellite and telecommunications companies like Iridium, Telstra, KDDI, Inmarsat, and Thuraya. Beam is also recognized for developing the award-winning ZOLEO device, which contributes to recurring subscription revenues.
YTD Price Performance: 65.00%
Average Trading Volume: 134,611
Technical Sentiment Signal: Buy
Current Market Cap: A$8.56M
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