STOCKHOLM, July 2, 2020 /PRNewswire/ -- Enea has signed
a five-year contract for deployment of a Traffic Management
platform and related software modules for acceleration and
optimization with a local telecom service provider in Egypt. The minimum contract value is
USD 1.3 million.
The contract includes a defined number of initial software
licenses and associated services, such as integration, support, and
maintenance. Software license and integration service revenues are
recognized during the platform deployment project which is
scheduled to occur during Q3 2020-Q1 2021. The customer has the
option to purchase additional licenses in accordance with network
traffic usage. Support and maintenance revenues will be recognized
during the full contract period.
Enea is a market leader supporting mobile operators around the
world in managing wireless network traffic more efficiently (lower
total cost of ownership), and effectively (faster network speeds).
The Enea Openwave Traffic Management solutions alleviate radio
access network (RAN) congestion and maximize customer quality of
experience.
"Traffic management technology helps customers handle increasing
traffic and improve quality-of-experience for end users", says Jan
Häglund, President and CEO of Enea. "The new contract confirms our
position as market leader."
This information is information that Enea AB (publ) is
obliged to make public pursuant to the EU Market Abuse Regulation.
The information was submitted for publication, through the
agency of the contact person set below, on July 1, 2020 at 21:00
CEST.
For more information contact:
Jan Häglund, President and CEO
E-mail: jan.haglund@enea.com
Lotta Trulsson, Executive
Assistant
E-mail: lotta.trulsson@enea.com
Phone: +46-8-507-140-00
About Enea
Enea is a world-leading supplier of innovative software
components for telecommunications and cybersecurity. Focus areas
are cloud-native, 5G-ready products for mobile core, network
virtualization, and traffic intelligence. More than 3 billion
people rely on Enea technologies in their daily lives. Enea is
listed on Nasdaq Stockholm. For more information:
www.enea.com.
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