Waystream upgrades 15,000 ports in Denmark
Swedish tech-company Waystream, a leading provider of switches for fiber and city networks, has received an order for the upgrade of 15,000 fiber connections to 10Gbit/s in a Danish broadband network.
The order is related to the frame agreement signed by the parties in late December 2019 (as earlier communicated) and means that the operator in Denmark now starts the upgrade and installation of 15,000 customer connections using Waystreams ASR8048 switch. The project, where the ASR8048 replaces equipment from another vendor, will be conducted during 2020.
The order includes switches, optical components and support services and is worth apx. 8 million SEK (apx. €780,000).
- We are pleased to have confidence from our customer to deliver the equipment for this upgrade, which will be part of the customer's important wholesale project, says Susanne Torrbacka, acting CEO of Waystream.
The customer is one of Denmarks largest operators and connect households in several locations in Denmark, including in the Copenhagen area. The fiber network passes 300,000 households and businesses and the company has over 140,000 customers today.
City networks in Swedish regions Blekinge and Skåne have also recently selected Waystreams 10Gbit/s switches. Combined this makes the region of south Sweden and east Denmark one of the most highly penetrated and fastest broadband networks in the world.
Fiber networks are the fastest growing broadband technology in Denmark. According to the danish government body Energistyrelsen the number of broadband subscribers in Denmark increased by 14% between mid 2017 and mid 2018.
This information is an English translation of a Swedish press release.
For more information, please contact:
Susanne Torrbacka, acting VD Waystream
Mobil: +46 (0) 70 553 20 20
Waystreams vision is a global network that connects every home, every business and every human because by communicating we bring the world closer, and enable progress that makes society better. Waystream creates network products fit for FTTH that are reliable, easier to operate and delivers great services. This means that the network can be built faster with better return on investment, more satisfied end-users and a more robust solution.
The company is listed on Nasdaq First North as WAYS. Waystreams Certified Adviser is FNCA Sweden AB. email@example.com, +46(0)8-528 00 399
This information is informationt that Waystream Holding AB (publ) is required to publish according to EU Marked Abuse Regulation. The information was provided through the contact person above, for publication on 8th of January 2020 at 16.00 CET.