Enea signs multi-year 5G contract worth up to EUR 24 million
Stockholm, Sweden, June 12, 2020 Enea® (Nasdaq Stockholm: ENEA) Enea has signed a contract for 5G Cloud Network Data Layer with a Tier 1 European telecom service provider, headquartered in Germany. The contract is expected to generate average annual revenues for Enea of EUR 4-5 million during the contract period, which is up to five years, resulting in a total contract value of EUR 24 million, assuming that the project runs the full term. The main part of the contract relates to software licenses for Enea’s Stratum product. License revenues are recognized when delivery and project