Nine New Partner Contracts Signed

RNS Number : 7620B

Toople PLC

25 September 2018

 

For immediate release: 07.00, 25 September 2018

Toople PLC

("Toople" or the "Company")

Nine New Partner Contracts Signed

Toople Plc (LSE: TOOP), a provider of bespoke telecom services to UK SMEs, is pleased to announce that it has recently agreed a total of nine new partner agreements with third parties across the UK to provide Toople's services on a wholesale basis to their network of partners and customers. 

Partners selling Toople's services include specialist telecoms resellers, utility, chip and pin, fuel, energy and mobile providers to SMEs based in Birmingham, Blackpool, Bolton, Bradford, Leicester, Norwich, Oxfordshire, Sheffield and Havant.

Commenting on the wholesale agreements, Andy Hollingworth, CEO of Toople said:

"Since our last trading update we have seen a material increase in the number of partner agreements in place across the UK.  Wholesale is an important channel for us to develop to help support our organic growth strategy. We are increasingly signing deals with partners from a variety of industries to provide white label services.  These resellers have access to Toople's own Merlin platform, which allows them to connect with carriers and to provide billing services to their own customers seamlessly.

"Small business customers increasingly seek value and pricing certainty and this creates a real opportunity for a value challenger, offering simple, affordable, reliable, good customer service and fair connectivity. We are continuing to demonstrate the attractive nature of our partner proposition and these new agreements are expected to provide a significant positive impact on both wholesale orders and revenues."

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Certain statements in this announcement contain inside information for the purpose of Article 7 of EU Regulation 596/2014.

For further information please visit www.toople.com or contact:

Toople PLC	Tel: [phone]
Andy Hollingworth, Chief Executive Officer
Kevin Lawrence, Chief Financial Officer
Cairn Financial Advisers LLP David Coffman / Richard Nash	Tel: [phone]
Novum Securities Limited Colin Rowbury	Tel: [phone]
Turner Pope Investments Limited Andy Thacker	Tel: [phone]
Belvedere Communications John West	Tel: [phone]

About Toople PLC

Toople Plc, a company incorporated in the UK provides a range of telecoms services primarily targeted at the UK SME market. Services offered by the Group include business broadband, fibre, EFM and Ethernet data services, business mobile phones, cloud PBX and SIP Trunking and Traditional Services (calls and lines) all of which are delivered and managed through Merlin, the Group's proprietary software platform.

The Group is differentiated by its focus on creating business broadband solutions, with robust and reliable packages that will enhance our customers company's. In addition, our vision is based on trust and transparency, with no hidden fees within our pricing policy providing customers with a clear understanding of cost.

Toople Plc has a strong and highly experienced Board and management team who are focused on growing the business both organically and by identifying earnings enhancing strategic acquisition opportunities.

 

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