Significant contract

RNS Number : 8950T

Coms PLC

26 November 2013

 



26 November 2013

Coms plc

("Coms" or the "Company")

Significant Contract Win

Coms plc  (AIM: COMS) is pleased to announce that it has secured a significant contract to supply a provider with up to 50,000 mobile SIM cards through the Company's newly built Mobile Network. Under the terms of the contract the SIM cards are expected to be rolled out over a 24 month period with the first order for 10,000 cards already received and due to be delivered by early 2014.

The customer estimates the contract will generate revenue to Coms of approximately £20 per user per month.  In addition, Coms will supply the customer with other products and services, including VoIP telephony, lines and broadband and other data connectivity. These, in addition to inbound numbers and related services provide a true end-to-end solution for the customer's end users.

Dave Breith, CEO of Coms, stated: "Once the full roll out over 2 years of the SIM cards has been achieved, we estimate that the potential revenues from the supply of SIM cards only will be significant under the contract. The contract also provides Coms with further opportunities to upsell its other products and services, thereby providing significant additional income. The Company maintains that owning our own voice, data and mobile networks makes Coms' service offering highly attractive. This new contract demonstrates our ability to derive significant shareholder value from our new mobile initiative."

For further information, please contact:

Coms plc

David Breith (CEO)                                                                                          [phone]

Iain Ross (Chairman)          

Charles Stanley Securities                                                                          [phone]

(Nominated Adviser and Joint Broker)

Karri Vuori / Philip Davies                                                                       

SI Capital Limited                                                                                            [phone]

(Joint Broker)

Andy Thacker / Nick Emerson                                                    

Newgate Threadneedle                                                                                [phone]

(PR)

Robyn McConnachie

Notes to Editors

Established in 2005, Coms is an end-to-end provider of telecommunications and IT services to business and industry. From hosted VoIP telephony to smart buildings to broadband to business infrastructure, Coms offers an unrivalled service built on innovation, passion and dedication. Unlike most VoIP providers, Coms does not rely on third party providers and we own and operate a UK based Carrier Class telephony platform. For more information, please visit www.coms.com

 

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