TIDMTOOP
RNS Number : 8337H
Toople PLC
08 December 2020
For release: 07.00, 8(th) December 2020
Toople PLC
("Toople" or the "Company" or the "Group")
New Contract Wins
Toople PLC (LSE: TOOP), a provider of bespoke telecom services
to UK SMEs, and its subsidiary company DMSL, is pleased to announce
two new contract wins and a major extension to an existing
contract. The new wins are in the retail and charity sectors, areas
where the Group has traditionally been strong and continues to
build more business.
The contract extension is to Toople's existing client Boparan
Restaurant Group ("BRG"), which has recently acquired iconic
restaurant brand Gourmet Burger Kitchen ("GBK"). Toople will
roll-out secure data connections, local internet breakout and
telephony to all the acquired GBK restaurants based in the UK. The
contract is an additional win for DMSL, who already provide
telecoms services to several businesses across multiple disciplines
within the Boparan Restaurant Group, including Carluccio's.
In addition to the contract extension, the Group has also
secured two new contract wins, the first of which is with a
well-established, independent furnishing company based in
Lincolnshire.
This business has a large online presence and five large retail
outlets. The Group will provide a range of new IP cloud based
services; a number of mobile contracts; and an upgrade of the
client's broadband to Superfast Enhanced with a 4G Assure backup
service. The contract length is for a minimum 36 month period. The
broadband upgrade is particularly important for the client as the
existing business broadband facility, which is also used to run its
CCTV, had become unstable.
Toople was able to improve attractive cost savings for the
client as well as an improved and enhanced service, with disaster
recovery and back-up in place, ensuring the client receives
perfect, undistorted CCTV footage from all its cameras and seamless
telecoms services.
Similarly, DMSL has won a new contract to supply a number of
services to leading charity Age UK. With the effects of the
pandemic taking a particular toll on old people, Age UK offers
invaluable support with expert information, advice and
friendship.
Andy Hollingworth, CEO of Toople, commented:
"Toople continues to add new business across a variety of
sectors. We are very proud to now be contracted to provide telecom
services to two new clients and in many new locations. Our
contracted services for these two clients include broadband,
telephony and mobile Wi-Fi, plus high speed broadband and Wi-Fi
services. Toople will also 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
these new locations. This will ensure that our new clients will
continue to have exceptional internet connectivity and full access
to their business critical systems in the event of outage.
"To win the contract extension to supply data and telephony
services to GBK, is evidence of how attractive and reliable our
service offering is to existing clients. More and more businesses
are being forced to review their existing telecoms services and
many are seeking new solutions which provide enhanced quality at an
affordable price. We are speaking to many businesses and NGOs
regarding our bespoke solutions . and the new business pipeline
remains strong. We look forward to updating the market further when
we announce our final results in due course."
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.
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