LONDON (Alliance News) - Coms PLC said Wednesday it has signed a number of new contracts worth a combined GBP14.2 million.
The company has signed a single new contract worth GBP9.3 million with an unnamed existing client, which will be spread over the next few years, said Coms.
Redstone has been awarded three new contracts including a GBP1.5 million contract to provide onsite technical infrastructure and support to a global investment bank; a Smart Building contract worth GBP800,000 with a retail agent and structured cabling contracts for two widely known, highly recognisable brands in overseas offices worth GBP1.5 million.
Coms said it has also won GBP400,000 in structured cabling contracts, as well as contracts worth GBP450,000 as part of Coms' wholesale base transfer with two telecommunications resellers "further securing market share gains in the Wholesale channel."
The final contract was secured through Coms Media, Com's animation and visual effects arm and through CloudXL, which Coms acquired in February 2014.
Shares in Coms were trading 5.39% higher at 6.35 pence per share Wednesday morning.
By Alice Attwood; aliceattwood@alliancenews.com; @AliceAtAlliance
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