VoIP solutions developer VocalTec Communications Ltd. (Nasdaq:VOCL), which has an annual turnover of $6 million, has won a $5 million order from Nigerian telecommunications operator Mobiltel. The order is for the first part of Mobiltel's next-generation-network in two major cities, as part of a larger network development plan.
The full potential of the deal could therefore greater than the order announced today. VocalTec did not disclose when it will recognize the revenue from the order.
Herzliya-based VocalTec was a pioneer in VoIP. VocalTec president and CEO Ido Gur said, "We're advancing in Africa and Russia in 2009. Mobiltel is a longstanding Nigerian company that has undergone change, and won a license to set up a WiMAX network. VoIP is the core of this project, and VocalTec will also provide comprehensive services, in line with our strategy. This is a very significant contract for us."
VocalTec will be the chief contractor for Mobiltel's project, heading a consortium of high-tech companies. VocalTec will provide its Essentra suite of softswitch products, which offer a wide range of IP-based subscriber features over Mobitel’s WiMAX access infrastructure, and will also support Mobitel’s deployment of Data, IP Core and Billing infrastructures.
VocalTec's share rose 16.3% yesterday to $0.48, giving a market cap of $3.5 million.
Published by Globes [online], Israel business news - www.globes-online.com - on May 6, 2009
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