Enea signs multi-year 5G contract worth USD 15-20 million
Stockholm, Sweden, April 7, 2020 Enea® (Nasdaq Stockholm: ENEA) Enea has signed a 5-year contract for 5G Cloud Network Data Layer with a Tier 1 North American telecom service provider. The contract includes perpetual software licenses and associated services, such as integration, support, and maintenance. Revenues are projected to grow starting next year, with an increasing number of subscriptions handled by the 5G Core system. Provided that the growth of subscriptions is in line with expectations, the contract will on average generate USD 3-4 million per 12-month period during the 5-