Top 10 US telecom operator selects IQGeo

IQGeo Group PLC

08 January 2024

 

RNS Reach

IQGeo Group plc

(the "Company" or the "Group")

Top 10 US telecom operator selects IQGeo for fibre planning

IQGeo (AIM: IQG), a developer of geospatial software that is "Building better networks" for telecom and utility operators, is pleased to announce that IQGeo's fibre planning and design software was selected by a top 10 US telecom and fibre operator as part of a first phase technology deployment. The initial 3-year contract for this new customer has a total value of over $2.5M that includes recurring revenue, licenses, hosting and professional services.

This new client has aggressive broadband expansion ambitions, with millions of existing customers and plans for fibre rollout to pass millions more homes and businesses in the coming years. IQGeo's Comsof Fiber software will be used to automate their planning and design process to accelerate fibre deployments and time-to-revenue. The project will also include an initial deployment of IQGeo's Network Revenue Optimizer software to help streamline the quoting process for new fibre connections, helping to fully monetise their fibre network.

Richard Petti, CEO, commented that "This new project illustrates the value our network lifecycle strategy is delivering to new and existing customers. Our proven Comsof Fiber software will provide the essential automation needed to rapidly scale their fibre rollout, while creating a strong foundation to expand our software footprint across additional lifecycle stages. We've established very strong global market momentum for our fibre management software over the last five years, and we're pleased to add this strategic new account to our list of customers."

For further information contact:

IQGeo Group plc                                                                                    [phone]

Richard Petti

Haywood Chapman

Cavendish Capital Markets Limited                                                      [phone]

Henrik Persson, Seamus Fricker (Corporate Finance)

Tim Redfern (ECM)

This is an RNS Reach announcement and the information contained is not considered to have a significant impact on management's expectations of the Group's performance. RNS Reach is an investor communication service aimed at assisting listed and unlisted (including AIM quoted) companies to distribute non-regulatory news releases into the public domain. Information required to be notified under the AIM Rules for Companies, Market Abuse Regulation or other regulation would be disseminated as an RNS regulatory announcement and not on RNS Reach.

Notes to Editors

About IQGeo

Telecommunication, fiber, and utility operators are "Building better networks" with IQGeo's award-winning network management software. 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, customers trust IQGeo's Integrated Network and Adaptive Grid solutions. We partner with large multinationals and smaller regional operators to deliver the digital innovation they need to accelerate time-to-revenue, increase network resilience, improve operational safety, and deliver ROI.

For more information visit: www.iqgeo.com/

Copyright © 2024, IQGeo UK Limited. IQGeo is a registered ® trademark

 

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