Coms soars on broadband contract win

AIM-listed voice telecommunications provider Coms has signed a contract to sell broadband and lines to an outsourcing company with turnover in excess of two billion pounds.

The company said that for reasons of confidentiality, it could not provide further detail on the contract or the client company.

It estimated that the contract would be worth £15m over the next 24 months and reported that it had already commenced the installation of several thousand lines.

Dave Breith, Chief Executive Officer of Coms, said: "This represents our largest contract win to date. We are delighted to have signed such an important deal, which aptly demonstrates Coms' scale capabilities across different product lines."

The company's share price was up 83.87% to 1.42% at 10:00 on Friday.

MF