The Excel Group publishes an update regarding the contract of the subsidiary Excel Solutions (100%), in an agreement with a telecom operator in Israel, for the supply of Broadband Gateway products, products and services, mainly the supply of Fiber routers:
The group reports that the subsidiary Solutions, won a new tender from the customer and subsequently received orders for the purchase of new and advanced generation Fiber routers and network equipment, in accordance with the terms of the agreement, in the amount of approximately $ 5.5 million, for delivery by the end of 2022.
The company estimates that the total deliveries expected under the customer agreement in 2022 will be approximately $ 10 million. The company estimates that following this order, it will receive additional orders from the customer in a substantial amount of money for the coming years.
Ronen Schur, CEO of Excel Solutions: “Against the background of the Ministry of Communications’ intentions to expand the deployment of optical fibers throughout the country, there is great interest from operators and a demand from customers to replace old routers with fiber routers. The company is experiencing increasing interest and demand for fiber routers and advanced network equipment from communications operators in the country and that this constitutes and will constitute a significant growth engine for the company’s operations in 2022 and beyond. “