TIDMTOOP
RNS Number : 8517C
Toople PLC
22 October 2020
Strictly embargoed for 07.00: 22 October 2020
Toople PLC
("Toople" or the "Company" or the "Group")
New Contract Win
Toople PLC (LSE: TOOP), a provider of bespoke telecom services
to UK SMEs, is pleased to announce that it has sold a range of new
IP cloud based services to an existing client in a 36 month
extension to the existing agreement, significantly increasing the
value of the contract.
In March 2018 Toople announced that it had signed a new contract
with a London based bakery, to provide full telecom services to
their 52 retail sites and their company headquarters. The bakery
has since expanded its footprint to over 70 retail sites and
continues to grow its estate.
Toople is now contracted to provide telecom services to all
these locations, including broadband, telephony and mobile Wi-Fi,
plus high speed broadband and Wi-Fi services to the bakery's
headquarters and distribution offices. Toople will replace standard
broadband with superfast fibre-optic broadband in each location,
where available.
Additionally, Toople will now be responsible for rolling out
cloud telephony, as well disaster 4G backup recovery systems, in
each location. This will ensure that the business has seamless
connectivity in the event of outage and can continue to function
with online delivery platforms.
Andy Hollingworth, CEO of Toople, commented:
"We are extremely pleased that an important existing customer is
satisfied with the services we have provided. This satisfaction
underpins their wish to increase the scope and length of their
existing contract with Toople. It is further evidence that small
and medium sized businesses are increasingly looking at their
existing broadband and telephony infrastructure to take advantage
of the availability of next generation fibre and improved telecom
network services. This was a contract that we originally won from
the largest provider in the UK, so to retain it for another three
years with an expansion of the scope of services to be provided is
a real affirmation of our offering.
"We congratulate our customer on their success and expansion
over the last two and a half years and we look forward to assisting
them with the new services they have contracted. I am pleased that
our reputation for providing great service and seamless
connectivity at fixed transparent prices is growing in the UK
market."
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
-ends-
For further information :
Toople PLC Tel: 0800 0499 499
Andy Hollingworth, Chief Executive
Officer
Paul White, Chief Financial
Officer
Novum Securities Limited Tel: 020 7399 9400
David Coffman
Belvedere Communications Tel: 020 3687 2754
John West / Llew Angus
About Toople PLC
Toople PLC is incorporated in the UK and listed on the main
market of the London Stock Exchange.
The business currently trades under four main brands:
www.toople.com ; www.dmsluk.co.uk ; broadbandandphones.co.uk ;
www.checkthatcompany.co.uk .
Toople.com provides bespoke telecoms services for its fast
growing target market of UK SMEs with between one and 500
employees. 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 via the Group's
proprietary software platform.
In February 2020, Toople completed the acquisition of DMS
Holding (DMSL) . DMSL commenced trading in 2002 and provides
unified communication services in the UK, ranging from a single
phone line to a multi-site unified comms VoIP platform, delivered
via a network of telecoms and IT carriers and content providers
across the UK including BT Business, BT Global Services, Gamma, EE,
Vonage, TalkTalk Business and O2.
DMSL acts as a BT Premier re-seller for broadband connectivity,
mobile and fixed voice and cloud services and is responsible for
over 250,000 BT customers and over 400,000 Revenue Generating
Units.
The acquisition of DMSL was transformational for Toople, as it
also expanded the Group's reach into the UK residential market,
which is experiencing a period of rapid change, as operational
automation further develops and more people choose to (or are
forced to) work from home.
The Company also owns a telecoms price comparison website and a
service offering company credit reference checking and reports.
These complement the Group's IT and telecoms services.
All the Group brands seek to differentiate themselves by
offering IT, telecoms and broadband solutions, with robust and
reliable packages, that enhance a customers' business and are based
on trust and transparency, with no hidden fees within pricing
policies. This provides customers with a clear understanding of
cost and fixed prices for the duration of their contracts.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
CNTDDBDGGBDDGGB
(END) Dow Jones Newswires
October 22, 2020 02:00 ET (06:00 GMT)
Toople (LSE:TOOP)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Toople (LSE:TOOP)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024
