RCS - IQGeo Group PLC - Top 10 US telecom operator selects IQGeo

IQGeoAnnouncement

08/01/2024 07:00

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RNS Number : 8657Y  IQGeo Group PLC  08 January 2024

RNS Reach

 

 

IQGeo Group plc

(the "Company" or the "Group")

 

Top 10 US telecom operator selects IQGeo for fibre planning

 

IQGeo (AIM: IQG), a developer of geospatial software that is "Building better
networks" for telecom and utility operators, is pleased to announce that
IQGeo's fibre planning and design software was selected by a top 10 US telecom
and fibre operator as part of a first phase technology deployment. The initial
3-year contract for this new customer has a total value of over $2.5M that
includes recurring revenue, licenses, hosting and professional services.

 

This new client has aggressive broadband expansion ambitions, with millions of
existing customers and plans for fibre rollout to pass millions more homes and
businesses in the coming years. IQGeo's Comsof Fiber software will be used to
automate their planning and design process to accelerate fibre deployments and
time-to-revenue. The project will also include an initial deployment of
IQGeo's Network Revenue Optimizer software to help streamline the quoting
process for new fibre connections, helping to fully monetise their fibre
network.

 

Richard Petti, CEO, commented that "This new project illustrates the value our
network lifecycle strategy is delivering to new and existing customers. Our
proven Comsof Fiber software will provide the essential automation needed to
rapidly scale their fibre rollout, while creating a strong foundation to
expand our software footprint across additional lifecycle stages. We've
established very strong global market momentum for our fibre management
software over the last five years, and we're pleased to add this strategic new
account to our list of customers."

 

For further information contact:

 

IQGeo Group
plc
                          +44 1223 606655

Richard Petti

Haywood Chapman

 

Cavendish Capital Markets
Limited
+44 20 7220 0500

Henrik Persson, Seamus Fricker (Corporate Finance)

Tim Redfern (ECM)

 

 

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Notes to Editors

 

About IQGeo

Telecommunication, fiber, and utility operators are "Building better networks"
with IQGeo's award-winning network management software. The ability to
powerfully model any network requirement, integrate every system and data
source, and support field and office teams with continual innovation is
helping operators create the networks of the future. Our solutions ensure
greater cross-team collaboration and process efficiency throughout the network
lifecycle, from planning and design to construction, operations, and sales.

 

Whether it's highly competitive fiber and 5G broadband rollouts or complex
utility grid modernization projects, customers trust IQGeo's Integrated
Network and Adaptive Grid solutions. We partner with large multinationals and
smaller regional operators to deliver the digital innovation they need to
accelerate time-to-revenue, increase network resilience, improve operational
safety, and deliver ROI.

For more information visit: www.iqgeo.com/ (http://www.iqgeo.com/)

 

 

Copyright © 2024, IQGeo UK Limited. IQGeo is a registered ® trademark

 

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