13 Oct 2011 07:00
13 October 2011
Redstone plc
("Redstone" or "the Company")
£10.2m wide area network
Redstone plc (AIM:RED.L), a leading provider of network based end to end managed services, technology and infrastructure solutions has been selected as the preferred bidder to deliver a Managed Wide Area Network, consisting of an estimated 1,900 sites across the UK and Ireland, to a new customer. This contract is for a period up to 5 years at a value of up to £10.2m. Full rollout is expected to commence in early 2012, upon completion of the pilot programme currently being undertaken.
Tony Weaver, Chief Executive of Redstone, commented:
"Being selected as this organisation's preferred bidder further proves our ability to deliver mission-critical connectivity to high level organisations across the UK. This will form another long-term contract providing annuity revenue and the potential to offer other services from the Redstone portfolio to this new customer in the future."
ENQUIRIES:
Redstone plc | Tel. +44 (0)845 203 3903 |
Peter Hallett, Chief Financial Officer |
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FinnCap | Tel. +44 (0)20 7600 1658 |
Marc Young / Charlotte Stranner |
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Hansard (Financial PR) | Tel. +44 (0)20 7245 1100 |
Guy McDougall/ Nicholas Nelson |
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