Global top 5 telecom operator selects IQGeo

RNS Number : 0952R

IQGeo Group PLC

04 July 2022

 

IQGeo Group plc

(the "Company" or the "Group")

Global top 5 telecom operator selects IQGeo for fibre network planning and design

IQGeo (AIM: IQG), a developer of geospatial software that is "Building better networks" for telecom and utility operators, is pleased to announce that its fibre planning, design, and field survey software has been selected by one of the largest US telecom network operators to accelerate their fibre construction process. The 3-year contract has a software subscription value of approximately US$ 3.6 million (US$ 1.2 million ACV) for an initial cohort of users and service value of approximately US$ 2.1 million.

The IQGeo software solution will play a key role in one of the largest FTTx (Fibre to the x) and 5G build outs in the US, supporting millions of new customers in communities across the country. IQGeo's software will optimise, standardise, and digitally transform the planning and design workflow of this new customers' ambitious nation-wide fibre rollout. IQGeo was selected after an exhaustive evaluation that demonstrated significant time, cost and resource savings in the fibre network planning and design process.

Richard Petti, CEO, commented that "We are pleased to have been selected by one of the world's largest telecoms operators to partner on such an important project. This initial production deployment provides significant room for growth in the future and is an excellent example of how our strong technology and talented team are securing long-term contracts with Tier 1 operators around the world."

For further information contact:

IQGeo Group plc                                                        [phone]

Richard Petti

Haywood Chapman

finnCap Ltd  [phone]

Henrik Persson, Seamus Fricker (Corporate Finance)

Tim Redfern, Richard Chambers (ECM)

Notes to Editors

About IQGeo

Telecommunications and utility operators are "Building better networks" with IQGeo's award-winning software solutions. The ability to powerfully model any network requirement, integrate every system and data source, and support field and office teams with continual innovation is helping operators create the networks of the future. Our solutions ensure greater cross-team collaboration and process efficiency throughout the network lifecycle, from planning and design to construction, operations, and sales.

Whether it's highly competitive fiber and 5G broadband rollouts or complex utility grid modernization projects, IQGeo's enterprise solutions and our OSPInsight fiber planning and design software are proven industry leaders. We partner with large multinationals and smaller regional operators to deliver the digital innovation they need to increase network resilience, operational safety, and business ROI.

Headquartered in Cambridge, with offices in Denver, Salt Lake City, Frankfurt and Tokyo, we work with some of the largest network infrastructure operators in the world. For more information visit:  www.iqgeo.com/

Copyright © 2021, IQGeo UK Limited. IQGeo is a registered ® trademark

 

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