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
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Higher rates are disappearing – should you fix your savings?
Fixed savings rates have dropped to their lowest levels in over a year. Should you fix your savings now ahead of a potential base rate cut in November?
By Katie Williams Published
-
Nine million people fall victim to financial scams, says Citizens Advice
The charity says that around one in five people across the UK have been caught out by a finance scam in the past year - here is how to protect your money
By Chris Newlands Published