Improved outlook for TalkPool in Germany through organic growth
Talkpool has been working in Germany since 2013 with Nokia, which has acquired Siemens, as main client for rollout of broadband wireless networks on behalf of most network operators in all parts of Germany. We started the company TalkPool Deutschland AG in 2014 with the purpose of initiating fibre network work with the incumbent network operator. It took over two years of preparations to get a first pilot agreement in the second half of 2016. We’ve gone the long way, hiring skilled German engineers and providing quality work while generating limited revenue. Furthermore, we’ve learnt to use smart documentation tools to design new network elements into a geographic map, which allows for a good level of asset management.
CEO Erik Strömstedt says that “we’re happy that our effort in Germany is finally bearing fruit and we’re looking forward to increasing our attention on Germany to meet our client’s high standards. We expect Germany to become one of TalkPool’s key markets.”
Talkpool estimates to generate an additional €uro 5 million revenue per year in Germany and to continue the assignment for approximately 8 years.
TalkPool builds, maintains and improves telecommunication networks globally. Through its cutting-edge technical expertise, long experience and agile business model, TalkPool offers global telecom vendors and operators high-quality services on short notice no matter the location. Moreover, TalkPool is one of few companies with actual solutions and contracts in place in the exciting IoT-market. Remium Nordic AB is TalkPool’s Certified Advisor for Nasdaq First North.
Erik Strömstedt, CEO of TalkPool, email@example.com, Tel: +41 81 250 2020
This information is inside information that Talkpool AG (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 16.00 CET on May 5, 2017.