LONDON (ShareCast) - (Sharecast News) - Telecommunications provider Toople has locked in new contracts with two UK-based small-to-medium enterprises.
The first contract win, with a small business dual fuel supplier, comes as the undisclosed energy company looks to expand its portfolio of products to offer telecoms and broadband solutions.

Toople will provide its triple play services to the energy company's clients, which include businesses such as restaurants, high street shops and bakers, as a bolt-on option to their contracts.

Secondly, Toople signed a contract with an unnamed technology services company with experience in server support, computer support, cloud system and disaster recovery planning.

Due to increased customer demand, the mystery tech firm opted to add complete telecommunications solutions to its product offering, all of which will be delivered by Toople.

Toople expects both deals to be material in terms of monthly revenue growth.

Andy Hollingworth, chief executive of Toople, said, "These are great and financially meaningful wholesale contract wins for Toople. It shows that we are beginning to gain real traction among our targeted channel partners and expanding our sector verticals."

"Accelerating growth of hosted telephony services is a key focus of the company due to its attractive margins and the increasingly competitive nature of the SME broadband market. We firmly believe that one of our key competitive strengths is our Merlin platform, which allows scalability for the business through automation and provides a strong customer relationship management interface. This was a key deciding factor in winning both contracts," he added.

As of 0840 BST, Toople shares had shot up 12.59% to 0.76p.

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