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Toople PLC (TOOP)

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Tuesday 08 December, 2020

Toople PLC

New Contract Wins

RNS Number : 8337H
Toople PLC
08 December 2020
 

For release: 07.00, 8th December 2020

 

Toople PLC

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

New Contract Wins

 

Toople PLC (LSE: TOOP), a provider of bespoke telecom services to UK SMEs, and its subsidiary company DMSL, is pleased to announce two new contract wins and a major extension to an existing contract.  The new wins are in the retail and charity sectors, areas where the Group has traditionally been strong and continues to build more business. 

 

The contract extension is to Toople's existing client Boparan Restaurant Group ("BRG"), which has recently acquired iconic restaurant brand Gourmet Burger Kitchen ("GBK").  Toople will roll-out secure data connections, local internet breakout and telephony to all the acquired GBK restaurants based in the UK.  The contract is an additional win for DMSL, who already provide telecoms services to several businesses across multiple disciplines within the Boparan Restaurant Group, including Carluccio's.

 

In addition to the contract extension, the Group has also secured two new contract wins, the first of which is with a well-established, independent furnishing company based in Lincolnshire.

 

This business has a large online presence and five large retail outlets.  The Group will provide a range of new IP cloud based services; a number of mobile contracts; and an upgrade of the client's broadband to Superfast Enhanced with a 4G Assure backup service.  The contract length is for a minimum 36 month period.  The broadband upgrade is particularly important for the client as the existing business broadband facility, which is also used to run its CCTV, had become unstable.

 

Toople was able to improve attractive cost savings for the client as well as an improved and enhanced service, with disaster recovery and back-up in place, ensuring the client receives perfect, undistorted CCTV footage from all its cameras and seamless telecoms services.

 

Similarly, DMSL has won a new contract to supply a number of services to leading charity Age UK.  With the effects of the pandemic taking a particular toll on old people, Age UK offers invaluable support with expert information, advice and friendship.

 

Andy Hollingworth, CEO of Toople, commented:

 

"Toople continues to add new business across a variety of sectors.  We are very proud to now be contracted to provide telecom services to two new clients and in many new locations.  Our contracted services for these two clients include broadband, telephony and mobile Wi-Fi, plus high speed broadband and Wi-Fi services.  Toople will also replace standard broadband with superfast fibre-optic broadband in each location, where available.

 

"Additionally, Toople will now be responsible for rolling out cloud telephony, as well disaster 4G backup recovery systems, in these new locations.  This will ensure that our new clients will continue to have exceptional internet connectivity and full access to their business critical systems in the event of outage.

 

"To win the contract extension to supply data and telephony services to GBK, is evidence of how attractive and reliable our service offering is to existing clients.  More and more businesses are being forced to review their existing telecoms services and many are seeking new solutions which provide enhanced quality at an affordable price.  We are speaking to many businesses and NGOs regarding our  bespoke solutions . and the new business pipeline remains strong.  We look forward to updating the market further when we announce our final results in due course."

 

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

 

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For further information :

 

Toople PLC

Andy Hollingworth, Chief Executive Officer

Paul White, Chief Financial Officer

 

Tel: 0800 0499 499

Novum Securities Limited

David Coffman

 

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:  www.toople.com www.dmsluk.co.uk broadbandandphones.co.uk www.checkthatcompany.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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