Brief: Enea: Customer Contract In 5G Cloud Network Data Layer At Risk Of Termination

Enea AB

21/04/2023 12:02

April 21 (Reuters) - Enea AB  ENEA.ST :
    * CUSTOMER CONTRACT IN 5G CLOUD NETWORK DATA LAYER AT RISK
OF
TERMINATION
    * TOTAL CONTRACT WAS INITIALLY VALUED AT UP TO EUR 24
MILLION AND
HAS SO FAR GENERATED REVENUES AMOUNTING TO EUR 14.5 MILLION
    * DURING Q1, ENEA WILL MAKE RESERVATIONS FOR REPORTED BUT
NOT YET
RECEIVED REVENUES ATTRIBUTABLE TO 2021 AND 2022 AMOUNTING TO 4
MEUR
    * DURING Q2, BOARD WILL REVIEW ANY NEED TO WRITE DOWN
GOODWILL AND
OTHER INTANGIBLE ASSETS
    * MULTI-YEAR CONTRACT FOR 5G CLOUD NETWORK DATA LAYER,
SIGNED IN
JUNE 2020 WITH EUROPEAN TELECOM OPERATOR, MAY BE TERMINATED BY
CUSTOMER BEFORE FINAL DELIVERY FROM ENEA HAS TAKEN PLACE

Source text for Eikon:  ID:nMFNbLyVHh 
Further company coverage:  ENEA.ST 

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