Comsovereign completes the sale of its sovereign plastics business unit

- company continues to pursue the divestiture of non-core business units as its focuses on 5g and beyond wireless telecommunications and reduces operating expenses - dallas , june 21, 2022 /prnewswire/ -- comsovereign holding corp. (nasdaq: coms) ("comsovereign" or the "company"), a u.s.-based developer of 4g lte advanced and 5g communication systems and solutions today announced that it has completed the sale of its sovereign plastics business unit for total consideration of $2 million. the sale of sovereign plastics is part of a series of strategic actions intended to monetize the company's non-telecom-related assets and reduce operating expenses.
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