Sandvine wins orders worth more than 6.5m dollars
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.
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
-
Adidas, Nike or Jordans - could collectable trainers make you rich?
The right pair of trainers can fetch six figures. Here's how you can start collecting vintage Adidas, Nike or Jordans now
By Chris Carter Published
-
Early bird ISA investors flock to global funds, India and the US
There’s been an increase in investors maxing out their ISA at the start of the new tax year. But where are they putting their cash and why does it make sense to be an early bird investor?
By Vaishali Varu Published