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 & Teleplan Consulting land Telenor 4G network contract
Communications network specialist Norcon (LON: NCON) has signed a strategic partnership with Teleplan Consulting AS, and the companies have jointly signed a contract with international telecoms provider Telenor to help it deploy 4G networks in Norway.
The company said that the contract positions it well to take advantage of the significant commercial opportunities associated with network expansion and upgrades relating to 4G/LTE technology.
"I am delighted to be announcing this contract signing as it is a promising sign of demand for our services to assist with the deployment of 4G networks globally and underlines our commitment to further diversify outside of the Middle East”, Norcon chief executive Arnold Rørholt said. “We look forward to continuing our progress in the years ahead."
Norcon said that the partnership is a key step in developing the business in Scandinavia and other territories around the world. Earlier this year, the company re-established an active office in Scandinavia, which is expected to evolve over time 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 the 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.
