Contract extension with top US broadband operator
BATM Advanced Communications Limited has secured a three-year service agreement with a major US broadband operator, valued at approximately $1.3 million. This extension with a long-standing customer, which serves over 1.5 million customers across 23 states, will see BATM continue to provide support services for the operator's network operations, which are based on BATM's Carrier Ethernet hardware platforms. This new contract highlights the customer's satisfaction and confidence in BATM's services and products, reinforcing BATM's position as a leading provider of advanced network solutions in the US market.
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BATM (LSE: BVC; TASE: BVC), a global provider of advanced network infrastructure and cybersecurity technologies, is pleased to announce that it has signed a new three-year service agreement with a leading broadband and cable operator in the US worth approximately $1.3m.
The agreement is with a long-standing customer that is one of the largest cable operators in the US that provides a range of information and communications services to over 1.5 million customers across 23 states. The agreement extends the Group's service provision to the customer for a further three years. Under the agreement, the Group will provide support services for the customer's network operations, which are based on the Group's Carrier Ethernet hardware platforms.
Moti Nagar, Chief Executive Officer of BATM, said: "We are delighted to have signed this new agreement with this key customer. It attests to their high satisfaction with, and confidence in, our services and products, and our ability to translate product sales into recurring revenue. We look forward to continuing to expand our relationship with the customer as well as strengthen our position as a leading and high-quality provider of solutions and support services for advanced communications networks in the US."
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.