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Net Insight: Transformative 5G order - ABG

Signs SEK 220m 5G sync framework with Türk Telecom
Adds an addressable market of USD 1bn
The order highlights NETI’s high R&D capabilities

Net Insight signed a collaboration agreement with the Turkish telecom operator Türk Telekom today, for delivery of 5G synchronization technology. The framework is valued at SEK 220m and will be delivered on from the end of 2021 to 2026. NETI will initially receive SEK 55m for product development as well as an initial order worth SEK 25m for existing products with delivery starting this year. The remaining orders related to a new 5G product will be delivered on between the end of 2023 and 2026. This is the single largest order the company has ever received and compose an important milestone for the company as it is creating a new business offering.

We find it impressive that the company has been able to secure an order of this magnitude within 5G synchronization this rapidly after announcing the potential for the product earlier this year in its paper 5G sync report. To us, this proves the company’s ability to produce cutting-edge products based on its deep technical competence and bring it to market. We do not think this would have been possible without NETI’s wide network of collaborations with more than 500 broadcasters and service providers in more than 70 countries – a significant competitive advantage for the firm. We see this framework with Türk Telekom as a breakthrough order for NETI within 5G sync and expect more orders in the future.
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