BATM Advanced Wins Two US Network Upgrade Contracts

LONDON (Alliance News) - BATM Advanced Communications Ltd Monday said it has won two contracts to provide its telecommunications technology to US service providers for the upgrade of their networks.

The company didn't give any financial details of the contracts.

"These new contracts reflect the continued and growing demand for upgrading existing networks. With our strong portfolio of products, and vast experience as a Carrier Ethernet and MPLS solution provider, we are well-positioned to address this demand. We look forward to expanding on these projects and benefiting from further opportunities," BATM Chief Executive Zvi Maron said in a statement.

BATM shares were up 0.7% at 18.75 pence Monday morning.

By Steve McGrath; stevemcgrath@alliancenews.com; @SteveMcGrath1

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