TIDMTOOP
RNS Number : 1268O
Toople PLC
06 October 2021
For release: 07.00, 6(th) October 2021
Toople PLC
("Toople" or the "Company" or the "Group")
New Contract Wins and Business Update
Toople PLC (LSE: TOOP), a provider of bespoke telecom services
to UK SMEs, is delighted to announce that it has experienced robust
order intake during September 2021, which has proved to be one of
its strongest order intake months in FY21.
The Group has continued to grow its customer base, winning new
contracts during September, including five major new deals to
provide leased line services. The new contracts are all to UK
businesses with a minimum contract length of either three or five
years. In each case, Toople is delivering high quality bandwidth
and high-speed dedicated internet access to all new customer
sites.
The first contract win is in the food supply and services
sector, with Toople winning the mandate to supply a large, national
UK poultry supplier with both leased line and data backup services.
The customer is entering its busiest period in the run up to
Christmas. Toople is providing two 1Gbps leased lines, each with
failover circuits , as opposed to the 100Mbps service that the
customer has had in place. This will help ensure business
continuity, as the Company delivers dedicated and uncontended
bandwidth and speed to the customer's estate.
Four other companies have also recently signed contracts, also
for leased lines, with Toople's subsidiary company DMSL, via their
key network partners:
-- a Hampshire based internals company specialising in plastering and drylining;
-- a Surrey based specialist curtain wall contractor with
expertise in the refurbishment of listed and commercial
buildings;
-- a Surrey based global procurement house for oil and gas end
users in Africa and the Middle East; and
-- a leading UK stone wholesaler of natural and man-made
surfaces for domestic, retail, and commercial projects.
Leased lines deliver dedicated bandwidth and speed to a site,
which are always uncontended. These lines ensure internet
resilience for customers, and there is no competition with other
providers. Bandwidth speed is optimised and the customers'
connectivity is futureproofed.
Andy Hollingworth, CEO commented:
"As the economy starts to return, as far as possible, to its pre
pandemic state, momentum at Toople continues to build and we have
ended our financial year with one of our best months for order
intake across all our main product lines. All the Group brands seek
to differentiate themselves by offering IT, telecoms and broadband
solutions, with robust and reliable packages, that enhance a
customers' business and are based on trust and transparency, with
no hidden fees within pricing policies. This provides customers
with a clear understanding of cost and fixed prices for the
duration of their contracts. We keep our customers seamlessly
connected with their employees, customers, and other stakeholders,
ensure business continuity, and provide peace of mind and strong
infrastructure. This allows our customers to focus on building
their businesses as the UK gets back to work to overcome the
difficult pandemic period."
This announcement contains information which, prior to its
disclosure, was inside information as stipulated under Regulation
11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310
(as amended).
-Ends-
For further information :
Toople PLC Tel: 0800 0499 499
Andy Hollingworth, Chief Executive
Officer
Paul White, Chief Financial
Officer
Novum Securities Limited Tel: 020 7399 9400
David Coffman
Colin Rowbury
Belvedere Communications Tel: 020 3687 2754
John West / Llew Angus
About Toople PLC
Toople PLC is incorporated in the UK and listed on the main
market of the London Stock Exchange. The business currently trades
under four main brands: toople.com ; dmsluk.co.uk ;
broadbandandphones.co.uk ; checkthatcompany.co.uk .
Toople.com provides bespoke telecoms services for its fast
growing target market of UK SMEs with between one and 500
employees. 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 via the Group's
proprietary software platform. The Group's wholly owned subsidiary
DMS Holding (DMSL) provides unified communication services in the
UK ranging from a single phone line to a multi-site unified comms
VoIP platform, delivered via a network of telecoms and IT carriers
and content providers across the UK including BT Business, BT
Global Services, Gamma, EE, Vonage, TalkTalk Business and O2. DMSL
acts as a BT Premier re-seller for broadband connectivity, mobile
and fixed voice and cloud services and is responsible for over
250,000 BT customers and over 400,000 Revenue Generating Units.
The Company also owns a telecoms price comparison website and a
service offering company credit reference checking and reports.
These complement the Group's IT and telecoms services.
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END
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