Enea signs multi-year 5G contract

April 08, 2020 //By Jean-Pierre Joosting
Enea signs multi-year 5G contract
Enea has signed a 5-year contract worth USD 15-20 million for 5G Cloud Network Data Layer with a Tier 1 North American telecom service provider.

The contract includes perpetual software licenses and associated services, such as integration, support, and maintenance. Revenues are projected to grow starting next year, with an increasing number of subscriptions handled by the 5G Core system. Provided that the growth of subscriptions is in line with expectations, the contract will on average generate USD 3-4 million per 12-month period during the 5-year contract term.

Enea is a market leader in cloud data management with a portfolio of cloud native software for 4G and 5G. The Cloud Network Data Layer plays an important role in the 5G Core. This new standard is based on a cloud architecture which enables service providers to decouple the proprietary silos of today's network to achieve efficiencies of the cloud.

"The new contract confirms our leading position in the new 5G Network Data Layer market. The contract will generate significant revenues during the coming years, as the number of subscribers grows," says Jan Haglund, President and CEO of Enea.

www.enea.com


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