Waystream wins new deal from MittNät worth 1.9 MSEK

Waystream, who develops and sells advanced digital infrastructure such as switches and routers for fiber-based broadband networks, has, together with NetNordic Sweden, won a new deal from MittNät. har via sin partner NetNordic fått en ny affär  från MittNät. The majority of the products will be shipped during November 2016 and the total value of the order is 1,900,000 SEK.

MittNät was formed about one year ago and today is comprised of city nets from the municipalities of Arvika, Forshaga, Hammarö, Karlstad, Munkfors, Vansbro and Åmål. Using Waystreams MS4000 Ethernet switch, MittNät will continue its expansion of fiber broadband in the region.  In total, Mittnät reaches almost 160,000 citizens in 743,000 residences and 10,000 businesses.

Waystream will ship most of the MS4000 products included in the deal during the month of November this year, with some remaining units being shipped in 2017.

– We are of course very pleased that MittNät continues to roll out its city nets together with us at Waystream. We view this as proof that our products meet the requirements of our customers, as well as our customers’ customers. With Waystream, MittNät will have reliable and fast broadband that can offer popular services to the residents in the municipalities, says Waystream CEO, Johnny Hedlund.

For more information, contact:
Johnny Hedlund, CEO Waystream
Mobile: +46 (0) 734 – 38 23 29
Email: johnny.hedlund@waystream.com

About Waystream
Waystream sells and designs advanced digital infrastructure including switches and routers. With our products and expertise, we help telecom operators and service providers to offer reliable and usercentric network services with a high level of functionality. Our products are smart, easy to use and manage, and designed to create the best possible experience for the end user.

 The company is traded on the NASDAQ OMX First North. Waystreams Certified Adviser is Avanza Bank.

This information is such that the Company is obligated to provide according to EU market abuse regulations. The information is delivered, by the supervision of above contact persons, to be published on December 18, 2016 at 16:01 CET.