BATM Advanced Communications Ld BATM awarded Internet Solutions Kenya contract (0120A)
March 21 2017 - 2:01AM
UK Regulatory
TIDMBVC
RNS Number : 0120A
BATM Advanced Communications Ld
21 March 2017
21 March 2017
BATM Advanced Communications Limited
("BATM" or "the Group")
BATM awarded network upgrade contract by Internet Solutions
Kenya
New infrastructure will enable Internet Solutions Kenya to
expand network capacity and improve services
BATM Advanced Communications Limited (LSE: BVC), a leading
provider of real-time technologies for networking solutions and
medical laboratory systems, is pleased to announce that its
wholly-owned Telco Systems ("Telco") subsidiary has been awarded a
contract by Internet Solutions Kenya, a telecoms service provider
to public and private organisations, to upgrade its network
infrastructure to increase bandwidth capacity and enable an
expansion in its service offering. The contract, which has a value
of US$2.8m, is to be delivered over a two-year period commencing
immediately with approximately 50% of the revenues to be recognised
in 2017 based on the installation plan.
Internet Solutions Kenya is the Kenyan operations of Internet
Solutions, a Pan-African telecoms service provider whose ultimate
parent company is NTT Group. The company provides advanced Cloud,
communication, connectivity and carrier services to public and
private sector organisations in Kenya and across East Africa.
Richard Hechle, Managing Director of Internet Solutions Kenya,
commented: "In the last two years, we have been experiencing a
growing demand for higher capacity and other layered services from
our customers, especially the large ones. We are pleased to be
expanding our long-standing relationship with BATM and we are
confident that the Group's innovative networking technologies will
enable us to deliver more capacity and will allow us to better
utilise our infrastructure in order to better serve customers with
new and improved services."
The Group will provide its software solutions (supported by some
hardware) to upgrade Internet Solutions Kenya's existing network to
a fully automated software-defined network (SDN) with the capacity
to support 10GE. This will enable Internet Solutions Kenya to
improve the quality of the services it provides to its clients,
support more data traffic and meet the growing bandwidth
requirements of its customers as well as offer new advanced
business services.
Dr. Zvi Marom, CEO of BATM, said: "We are delighted to have been
awarded this contract. Firstly, it reflects our ability to offer a
high-quality Software-Defined Network solution that can provide the
customer with a state-of-the-art network without needing a
significant hardware investment - as demonstrated by our successful
delivery of a new high capacity network for the Kenya Education
Network last year as well as other similar major network upgrades,
enabling our customers to take on more business and expand their
service offerings.
"Secondly, in providing this advanced solution to a leading
telecoms provider in Kenya, we can stand proud that we are
fulfilling our goal to provide best-in-class solutions that make a
real difference to our customers. We are sure that this will prove
to be a pioneering move and result in the adoption of the solution
in other African countries where there is a great need for
substantial network upgrades without prohibitive level of capital
expenditure.
"As a result, with the transition to Software-Defined Networks
continuing to increase, we believe that we are well-positioned to
benefit from this trend, and can expect to receive further
contracts from existing and new customers."
Enquiries:
BATM Advanced Communications
--------------------------------- -----------------
Dr Zvi Marom, Chief Executive
Officer +972 9866 2525
--------------------------------- -----------------
Moti Nagar, Chief Financial
Officer
--------------------------------- -----------------
finnCap
--------------------------------- -----------------
Stuart Andrews, Scott Mathieson +44 20 7220 0500
--------------------------------- -----------------
Shore Capital
--------------------------------- -----------------
Mark Percy, Anita Ghanekar +44 20 7408 4050
--------------------------------- -----------------
Luther Pendragon
--------------------------------- -----------------
Harry Chathli, Claire Norbury +44 20 7618 9100
--------------------------------- -----------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
CNTLFFFLVEIIFID
(END) Dow Jones Newswires
March 21, 2017 03:01 ET (07:01 GMT)
Batm Advanced Communicat... (LSE:BVC)
Historical Stock Chart
From Apr 2024 to May 2024
Batm Advanced Communicat... (LSE:BVC)
Historical Stock Chart
From May 2023 to May 2024