IQGeo Group PLC (AIM:IQG) has announced the signing of a new US$2.5 million contract with a top 10 US telecoms firm.
Under the three-year deal, IQGeo’s fibre planning and design software will be used to accelerate the operator’s “aggressive” broadband expansion plans, the AIM-listed software developer said on Monday.
This includes through the use of IQGeo's Comsof Fiber software for planning and design automation, alongside its network revenue-optimising software.
“This new project illustrates the value our network lifecycle strategy is delivering to new and existing customers,” IQGeo chief executive Richard Petti commented.
“Our proven Comsof Fiber software will provide the essential automation needed to rapidly scale their fibre rollout, while creating a strong foundation to expand our software footprint across additional lifecycle stages.”
IQGeo added that the telecoms firm had millions of existing customers, with plans to scale its fibre broadband to millions more homes and businesses over the coming years
“We've established very strong global market momentum for our fibre management software over the last five years and we're pleased to add this strategic new account to our list of customers,” Petti said.