ConnectM agrees to sell India business for $34.2 million in shares
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ConnectM Announces Agreement to Divest India Business and Logistics Land Infrastructure Asset in $34.2 Million Blue Cloud Share Transaction
May 5, 2026 9:00 AM EDTTransaction expected to convert India operating assets representing 5.8% of its annual revenue into 160 million Blue Cloud shares and an approximately 17.3% post-issue equity position
Strategic divestiture highlights embedded asset value, simplifies ConnectMs operating structure, and supports management focus on U.S. energy technology, AI infrastructure, distributed energy, and capital markets execution
MARLBOROUGH, Mass., May 05, 2026 (GLOBE NEWSWIRE) -- ConnectM Technology Solutions, Inc. (OTC: CNTMD) (ConnectM or the Company), a company comprised of technology-driven businesses powering the modern energy economy, today announced that it has entered into a definitive agreement to divest its 94.1%-owned subsidiary... More
