Sandvine, an AIM-listed company which provides broadband network solutions for fixed and mobile operators, has won follow-on Network Policy Control orders totalling more than 6.5m dollars.
The orders were made by a top-5 Asian communications service provider, the firm said, and added that initial orders from this customer were announced back in May last year.
"This is a multi-phase project and the deployment has proceeded as expected. We are just beginning the second phase," said Tom Donnelly, Chief Operating Officer of Sales and Global Services.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
"Our customer base cuts a swath across Asia Pacific, including Japan, Australia, Hong Kong, Korea, Singapore, Indonesia, Malaysia, Thailand and elsewhere. By coupling unmatched innovation with compliance to the relevant quality and technical standards, our products are well-suited to the technically demanding Asian markets."
Sandvine's network policy control solutions are deployed in more than 200 networks in over 85 countries. The company has a current market cap of £124.64m.
The share price rose 4.65% to 90p by 14:23.
NR
-
Cash in on the growth prospects of Europe's companiesOpinion Marcel Stötzel, co-portfolio manager of the Fidelity European Trust, selects three stocks
-
Is the AI boom another dotcom bubble?25 years on from the dotcom bubble bursting, is it time for investors to consider the sustainability of the AI boom in the stock market?
