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Toople PLC (TOOP)

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Thursday 21 January, 2021

Toople PLC

New Contract win with TOCA

RNS Number : 3854M
Toople PLC
21 January 2021
 

Strictly embargoed until: 07.00, 21st January 2021

 

Toople PLC

("Toople" or the "Company" or the "Group")

New Contract win with TOCA

Toople PLC (LSE: TOOP), a provider of bespoke telecom services to UK SMEs, is delighted to announce that it has won a new contract to provide next generation broadband solutions to TOCA, the global sports and entertainment company at the prestigious O2 venue in London.

Toople will provide critical high speed secure data connectivity as TOCA rolls out its first immersive, soccer-themed entertainment venue, TOCA Social, at the O2.

TOCA Social is a new entertainment concept, transforming how visitors meet and play. It is built around accessible and interactive football-based games.  The stylish, 30,000-square-foot venue will give players of all kinds a place to come together, with live events, gaming experiences and F&B.

Set to open in summer 2021, the O2 will be the flagship site for competitive socialising brand TOCA Social.

Founded by former Fulham and Leeds United midfielder Eddie Lewis, TOCA Social describes itself as 'the world's first interactive football entertainment concept' that features 'inclusive gaming experiences' leveraging proprietary Touch Trainer and AI-enabled computer vision technologies.

Commenting on the contract win, Andy Hollingworth, CEO at Toople, added:

"We won a number of notable new contracts and contract extensions in late 2020 and I am particularly pleased that we have carried that momentum forward into 2021.  TOCA is creating an exciting new sports entertainment concept at the O2 and we are very honoured to be chosen to provide High Speed secure data connectivity to them as they roll-out their offering.  This is a great endorsement for our brand and service offering."

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

 

-Ends-

For further information:

 

Toople PLC

Andy Hollingworth, Chief Executive Officer

Paul White, Chief Financial Officer

Tel: 0800 0499 499

Novum Securities Limited

David Coffman

Colin Rowbury

Tel: 020 7399 9400

Belvedere Communications

John West / Llew Angus

 

Tel: 020 3687 2754

 

About Toople PLC

Toople PLC is incorporated in the UK and listed on the main market of the London Stock Exchange.  The business currently trades under four main brands:  toople.com; dmsluk.co.ukbroadbandandphones.co.ukcheckthatcompany.co.uk.

Toople.com provides bespoke telecoms services for its fast growing target market of UK SMEs with between one and 500 employees.  Services offered by the Group include business broadband, fibre, EFM and Ethernet data services, business mobile phones, cloud PBX and SIP Trunking and Traditional Services (calls and lines) all of which are delivered and managed via the Group's proprietary software platform. 

In February 2020, Toople completed the acquisition of DMS Holding (DMSL).  DMSL commenced trading in 2002 and provides unified communication services in the UK, ranging from a single phone line to a multi-site unified comms VoIP platform, delivered via a network of telecoms and IT carriers and content providers across the UK including BT Business, BT Global Services, Gamma, EE, Vonage, TalkTalk Business and O2.  DMSL acts as a BT Premier re-seller for broadband connectivity, mobile and fixed voice and cloud services and is responsible for over 250,000 BT customers and over 400,000 Revenue Generating Units.

The acquisition of DMSL was transformational for Toople, as it also expanded the Group's reach into the UK residential market, which is experiencing a period of rapid change, as operational automation further develops and more people choose to (or are forced to) work from home.

The Company also owns a telecoms price comparison website and a service offering company credit reference checking and reports.  These complement the Group's IT and telecoms services.

All the Group brands seek to differentiate themselves by offering IT, telecoms and broadband solutions, with robust and reliable packages, that enhance a customers' business and are based on trust and transparency, with no hidden fees within pricing policies.  This provides customers with a clear understanding of cost and fixed prices for the duration of their contracts.

 

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