Kore Wireless to Go Public in $1 Billion Deal with Cerberus Telecom Acquisition Corp. (CTAC) - Bloomberg

March 12, 2021 4:07 PM EST

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(Updated - March 12, 2021 4:09 PM EST)

Kore Wireless has agreed to go public through a blank-check company backed by private equity firm Cerberus Capital Management, according to Bloomberg, citing a statement.

The deal with Cerberus Telecom Acquisition Corp. (NYSE: CTAC) values the combined company at about $1 billion, including debt.

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