Share code: SPS
ISIN : ZAE000017919
JSE listed, Spescom Ltd, a leading ICT group, has entered into a
licensing agreement with world leading network operator, BT, to globally
market network termination products.
Under the terms of the ten year deal, Spescom will exploit international
market opportunities for the jointly developed technology. BT will provide
specialist technical back-up and support.
Worldwide there is increasing pressure on network operators for the
provision of advanced broadband services. Superior network termination
devices are required at the final customer connection point to maintain
excellent service.
John Davies, chief operations officer of BT Wholesale, says Spescom was
the chosen partner to BT, because it is a leader in the development of these
products.
"Having recognised the opportunity of exploiting BT's technology in the
international market-place, it was important to find the right company to
take this forward, and we are able to combine Spescom and our technologies
into a product."
Spescom international director, Simon Blagden, notes that this latest
development in the BT relationship is a wonderful deal for the group in that
it further ensconces Spescom's world leading position in this market. He
says:"This agreement follows on the heels of the major contract awarded last
year by BT to Spescom for the supply of these devices over a five year
period."
"The demand for this device, plus related products, is growing
tremendously worldwide. Spescom is ideally placed to take advantage of this.
We enjoy a very close business relationship with BT and we are delighted to
be a chosen partner of a world leading network operator," Blagden concludes.
ends
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