Toople PLC Contract Win (3213S)
June 25 2018 - 1:00AM
UK Regulatory
TIDMTOOP
RNS Number : 3213S
Toople PLC
25 June 2018
Toople PLC
("Toople" or the "Company")
Contract Win
Toople Plc (LSE: TOOP), a provider of bespoke telecom services
to UK SMEs, is pleased to announce that it has signed a contract
with one of the UK's leading utility switching businesses. The deal
is expected to result in significant additional monthly revenue for
the Company.
Under the terms of the agreement, which runs for an initial
three years, Toople will provide customers of the Manchester based
business, which is one of the leading energy providers in the UK
B2B space with a full range of products and services. These
include: business broadband, fibre, EFM and Ethernet data services,
business mobile phones, cloud PBX and SIP trunking and traditional
services (calls and lines) all of which are delivered and managed
through Merlin, the Group's proprietary software platform.
Toople will gain access to the new partner's sales team and
anticipates generating a significant number of orders from this
channel over the coming months. Following set up, training and
implantation of Toople's Merlin provisioning platform, services are
expected to be live within their own in-house sales team from the
first week in August. All new customers coming through the channel
will contract with Toople directly.
It is anticipated that this will be the first of several similar
agreements as Toople seeks to scale its business by launching a
full partnering sales and marketing channel.
Commenting on the contract win, Andy Hollingworth, CEO of Toople
said:
"This is a great contract win for Toople, as we look to
significantly expand our footprint among small to medium sized
businesses across the UK. It gives us access to over 35,000 UK
SMEs, who currently receive smarter financial choices for water,
gas and electricity and are increasingly looking for connectivity
services and managed telecoms solutions. This is a requirement that
Toople can fulfil.
"The fact that we won this contract is a great endorsement for
our business and underpins our growing reputation for delivering
robust and reliable services at affordable prices with great
customer service."
He added:
"Accelerating growth of hosted telephony services is a key focus
of the Company due to its attractive margins and the increasingly
competitive nature of the SME broadband market. We firmly believe
that one of our key competitive strengths is our Merlin platform,
which allows scalability for the business through automation and
provides a strong customer relationship management interface."
- ends -
Certain statements in this announcement contain inside
information for the purpose of Article 7 of EU Regulation
596/2014.
For further information please visit www.toople.com or
contact:
Toople PLC Tel: 0800 0499 499
Andy Hollingworth,
Chief Executive Officer
Cairn Financial Advisers Tel: 020 7213 0880
LLP
David Coffman / Richard
Nash
Novum Securities Limited Tel: 020 7399 9400
Colin Rowbury
Turner Pope Investments Tel: 020 3621 4120
Limited
Andy Thacker
Belvedere Communications Tel: 020 3735 8896
John West
About Toople PLC
Toople Plc, a company incorporated in the UK provides a range of
telecoms services primarily targeted at the UK SME market. Services
offered by the Group include business broadband, fibre, EFM and
Ethernet data services, business mobile phones, cloud PBX and SIP
Trunking and Traditional Services (calls and lines) all of which
are delivered and managed through Merlin, the Group's proprietary
software platform.
The Group is differentiated by its focus on creating business
broadband solutions, with robust and reliable packages that will
enhance our customers company's. In addition, our vision is based
on trust and transparency, with no hidden fees within our pricing
policy providing customers with a clear understanding of cost.
Toople Plc has a strong and highly experienced Board and
management team who are focused on growing the business both
organically and by identifying earnings enhancing strategic
acquisition opportunities.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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