www.norconplc.com
Providing project management and outsourcing services for operators of telecommunications networks including fixed line and mobile telephone systems and data networks, assisting them with the installation, operation or optimisation of telecommunications systems and to countries seeking advice on regulatory matters, defence systems, equipment and command and control facilities.
Norcon secures contract extensions from Saudi Telecom to improve 2010 visibility
Norcon (AIM: NCON) has signed further consultant and project management services contracts with Saudi Telecom Company (STC), which it said provided “significant visibility” for the rest of the year.
The company has been operating in Saudi Arabia for over 40 years.
“I am delighted to be announcing this extension in our relationship which is an expression of satisfaction on the part of our customer in the services we offer and I would like to thank them for their continued confidence in Norcon,” said Chief Executive of Norcon Arnold Rorholt.
Norcon has stepped up activities in other geographical regions, too, having re-established an active office in Scandinavia in February with a view for it to develop into a regional sales base. According to Norcon, Nordic countries remain at the forefront in rolling out the newest technology, and the company said it is targeting particular opportunities in Norway, Sweden and Denmark. In Sweden and Norway, mobile network operators launched the new 4G network recently, and the network’s roll-out is planned throughout the region.
The company raised £4.5 million in March to support organic growth. In 2009, the company achieved 16% revenue growth from a year earlier to US$78.2 million while net profit increased by 20% to US$7.7 million.
