Toople PLC (LON:TOOP) shares leapt 13% higher on Wednesday on news the firm has signed a 24-month contract to provide mobile connections for an undisclosed tyre company based in Southern England, stealing the contract away from incumbent provider Vodafone PLC (LON:VOD).
The provider of bespoke telecom services said the unnamed tyre company operates a fleet of mobile service vans for the commercial market.
READ: Toople ups its business mobile offering
Under the terms of the contract, Toople will provide the customer with all its mobile connections using the O2 network and these have already been transferred from Vodafone.
Andy Hollingworth, CEO of Toople, commented: “It’s great to see that the Toople approach of fixed prices and transparent costs has again been attractive and successful in winning a customer from one of the big carriers.”
He added: “What particularly appealed to this customer was unlimited calls, unlimited texts and a great monthly data allocation for a fixed monthly cost.”
In late morning trading, Toople’s shares were up 13.3% to 0.85p.