Waystream wins two new deals totalling 3.8 MSEK

Waystream, who develops and sells advanced digital infrastructure equipment, such as switches and routers for fiber-based broadband networks, has won two orders for access equipment. The total value for the orders is 3.8 million SEK and the products will be shipped to customers in Denmark and Sweden.

In Sweden, the current customer Öresundskraft AB has chosen to use Waystream’s ASR6000, a Layer 3 GigabitEthernet access switch, for new rollout of fiber networks. Waystream has won this deal together with partner NetNordic AB and the access products will be shipped during February 2017.

In Denmark, Fibia, one of Denmark’s biggest suppliers of broadband over fiber, has also selected the ASR6000 via the Danish partner Conscia A/S. The access equipment will be used to upgrade from FastEthernet to GigabitEthernet linespeed, which involves replacing a number of Waystream ASR5000 switches to the new and improved ASR6000 product. The access products will be also be shipped during February.

-         We are pleased to see that both Fibia and Öresundskraft increase their trust in us as they make big investments in rollouts and upgrades with our equipment. With our products, they will get futureproof, advanced and robust networks while, at the same time, putting a focus on the end user experience, says Johnny Hedlund, CEO Waystream.  

Fiber networking is the fastest growing broadband technology I both Sweden and Denmark. According to a report1 from the Swedish Post and Telecom Authority (PTS), the number of fiber broadband subsciptions in Sweden increased by 17%, or 262,000 subscriptions. 

A report2 from Denmark’s Energy Agency, stated that the total number of fiber broadband subscribers increased by 15.4% from June 2015 to June 2016, which equals 65,000 new fiber subscribers. The total number of fiber subscribers in June 2016 was approximately 485,000.

”Swedish Telecommunications Market - First Half-year 2016”

Telestatistik – Første halvår 2016

Johnny Hedlund, CEO Waystream  

For more information, contact: 
Johnny Hedlund, CEO Waystream 
Mobile: +46 (0) 734 – 38 23 29 

Email:  johnny.hedlund@waystream.com  

About Waystream     

Waystream sells and designs advanced digital infrastructure including switches and routers. With our products and expertise, we help telecom operators and service providers to offer reliable and user-centric network services with a high level of functionality. Our products are smart, easy to use and manage, and designed to create the best possible experience for the end user.

The company is traded on the NASDAQ First North. Waystream’s Certified Adviser is FNCA Sweden AB .

This information is such that the Company is obligated to provide according to EU market abuse regulations. The information is delivered, by the supervision of above contact persons, to be published on February 17, 2017 at 08:30 CET.   

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