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Share Price: 16.80

Bid: 16.65

Ask: 17.65

Change: -0.275 (-1.58%)

Spread: 1.00 (6.006%)

Open: 17.05

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Low: 16.80

Prev. Close: 17.425

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BATM Advanced enters agreement with albis-elcon for network technology

Mon, 12th Apr 2021 10:12

(Alliance News) - BATM Advanced Communications Ltd on Monday announced its subsidiary Telco Systems has formed a strategic partnership with albis-elcon, a supplier of networking products and systems to communications service providers.

The Israel-based networking and medical technology company said the agreement will involve the two companies jointly offering BATM's network function virtualisation solution, which it said represents a "further route to market".

BATM said its network function technology has been integrated into albis-elcon's new service delivery platform uSphir, and has been optimised for operating with albis-elcon's products and systems. This will allow BATM to "quickly deploy virtualised business services to their end customers".

albis-elcon "has a strong position among tier one operators in Europe and Latin America and this partnership will expand our reach into those markets. This constitutes a key aspect of our growth strategy across our business, which is to form collaborations that will accelerate the adoption of our solutions," said BATM Chief Executive Zvi Marom.

Shares in BATM were up 1.4% at 98.49 pence in London on Monday.

By Zoe Wickens; zoewickens@alliancenews.com

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