RCS - IQGeo Group PLC - Top 5 telecom operator expands IQGeo deployment

IQGeoAnnouncement

20/12/2023 07:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20231220:nRST3722Xa&default-theme=true

RNS Number : 3722X  IQGeo Group PLC  20 December 2023

RNS Reach

 

 

IQGeo Group plc

(the "Company" or the "Group")

 

Global top 5 telecom operator expands IQGeo deployment to accelerate broadband
rollout

 

IQGeo (AIM: IQG), a developer of geospatial software that is "Building better
networks" for telecom and utility operators, is pleased to announce that
further to the original announcement in July 2022, one of its largest tier 1
telecom customers in North America has expanded its deployment of IQGeo's
software. Under the terms of the extended agreement, the customer is
increasing the user licences by 7 times the initial cohort, and 11 times the
number of demand points for the automated planning and design software, in
order to accelerate the rollout of its fibre broadband network to millions of
new customers. The two-year contract extension has a total ACV value of over
US$2.7 million per annum and a total contract value of more than US$10.0
million.

 

Using IQGeo's fibre planning and field mobility software, the customer has
automated the planning and design process and linked it directly with field
surveys and construction. The integrated network approach dramatically reduces
the time required for planning and construction, streamlines field work, and
improves network data quality. This optimisation is saving the customer
millions in operational cost and accelerating time to revenue for its
broadband business.

 

Richard Petti, CEO, commented that "In 2023 the Fiber Broadband Association
reported another record year for fibre deployments, with more than nine
million additional homes passed in the United States. We continue to see very
strong investment momentum for fibre deployment projects around the world and
IQGeo is recognised as an industry leader. We are successfully securing new
fibre-focused customers, large and small, and growing our footprint within
existing accounts as is evident by this exciting new expansion contract."

 

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, Charlotte Sutcliffe (ECM)

 

 

This is an RNS Reach announcement and the information contained is not
considered to have a significant impact on management's expectations of the
Group's performance. RNS Reach is an investor communication service aimed at
assisting listed and unlisted (including AIM quoted) companies to distribute
non-regulatory news releases into the public domain. Information required to
be notified under the AIM Rules for Companies, Market Abuse Regulation or
other regulation would be disseminated as an RNS regulatory announcement and
not on RNS Reach.

 

 

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 © 2023, IQGeo UK Limited. IQGeo is a registered ® trademark

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NRAFFDFWUEDSEIE