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Pin to quick picksBatm Advanced Share News (BVC)

Share Price Information for Batm Advanced (BVC)

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Share Price: 18.00
Bid: 18.00
Ask: 18.35
Change: -0.225 (-1.22%)
Spread: 0.35 (1.944%)
Open: 18.35
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Low: 17.90
Prev. Close: 18.175
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BATM wins three-year deal providing Edgility platform to Totalplay

Thu, 18th Apr 2024 12:24

(Alliance News) - BATM Advanced Communications Ltd on Thursday said it agreed a three-year deal to provide its Edgility edge virtualisation platform and accompanying hardware to Totalplay Telecomunicaciones SAPI de CV.

BATM is an Israel-based provider of technology for networking solutions and medical laboratory systems. Totalplay is a tier 1 telecommunications company in Mexico that offers internet access, pay television and telephony services.

BATM said Totalplay will deploy Edgility to "fully virtualise, orchestrate and manage at scale its enterprise connectivity services".

BATM said its platform was selected, following a test phase, to replace Totalplay's current network virtualisation solution.

This was primarily due to Edgility's open architecture that provides customers with "complete flexibility" regarding their network hardware and software, BATM said.

BATM said it expects this deal to contribute towards meeting its sales forecasts for Edgility for the current year.

"Based on the size of Totalplay's current operations, and as Totalplay continues to grow its network services, there is potential for a significant expansion and extension in the number and duration of Edgility licences the group supplies," BATM said.

Chief Executive Officer Moti Nagar commented: "Our virtualisation and edge compute solution was selected to replace that of a previous supplier to Totalplay thanks to Edgility's truly open architecture and multi-vendor support, which is great validation of our strategy and demonstrates the superior quality of our solution.

"We are receiving strong interest in Edgility as the telecoms industry undergoes significant transformation. This latest agreement is testament to our progress and execution of our strategy, and is just one of several new Edgility contracts that we expect to win in the near term."

Shares in BATM were up 5.2% to 19.05 pence each in London on Thursday afternoon.

By Greg Rosenvinge, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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