Talkpool negotiating major contract in the Middle East

Talkpool has since several months been negotiating a large project in the Middle East. The negotiations are going well and Talkpool has a good chance to win the project, but no contract has yet been signed with the client. Talkpool is preparing to establish a separate company that will employ several thousand people if the contract is signed. The project, which is long term and estimated to run for at least 5 years, includes distribution, connection and operation of a new media network. The potential revenue from the new business is expected to exceed all Talkpool Group's other revenues together. 

For more information, please contact:

Erik Strömstedt, CEO Talkpool
Tel: +41 81 250 2020
erik.stromstedt@talkpool.com 

Talkpool provides IoT solutions and telecommunication network services 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. FNCA Sweden AB, +46(0)8-528 00 399 info@fnca.se, is Talkpool’s Certified Advisor. www.talkpool.com

This information is insider information that Talkpool AG 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 22.33 CET on October 31, 2019.