TalkPool increases its order intake from large European telecom operators
Talkpool has during late 2016 and the beginning of 2017 celebrated break-throughs with several European network operators such as Deutsche Telekom, Belgacom, Vodafone and Orange – and order volumes have rapidly grown during the first four months of 2017. This client segment, which represented no revenues a year ago, is now TalkPool’s fastest growing customer group and biggest opportunity.
“TalkPool’s order intake from clients in Europe increased in the second half of 2016 and has continued to accelerate during the first four months of 2017 while order levels from clients in Africa and the Americas have remained stable. Europe generated almost a third of TalkPool’s overall orders in the first four months of 2017”, comments Erik Strömstedt CEO of Talkpool.
During the period January to April 2017, approximately 26% of Talkpool revenues relates to the African market and originates from many countries, whereas the 42% of the total revenues relates to the Americas and stems from only two markets.
Network services order volumes from Digicel in the Carribbean have remained unchanged during many years but its share has reduced to 37%, down from over 50% a year ago, as business from other clients is growing. Orders from China-based equipment vendor Huawei continue to increase while the share of orders from Swedish Ericsson, with whom TalkPool has a close relation, is continuing to decline.
TalkPool continues to get a wide range of IoT orders but the order volumes are still modest.
This information is information that TalkPool is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at 08.30 CET on 22 May, 2017.
For more information, please contact:
Erik Strömstedt, CEO of TalkPool, erik.stromstedt@talkpool.com, Tel: +41 81 250 2020
About Talkpool
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.
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