Enea Secures $4.2 Million Support Contract with North American Tier 1 Network Operator for 4G and 5G Networks

Enea Secures $4.2 Million Support Contract with North American Tier 1 Network Operator for 4G and 5G Networks

(IN BRIEF) Enea has signed a three-year, $4.2 million support and maintenance contract with a Tier 1 North American network operator for its Stratum Network Data Layer project, covering 4G and 5G networks from 2025 to 2027. The deal, which could reach a total value of $5.2 million, builds on a previously announced software contract. Stratum facilitates the transition from legacy 4G systems to cloud-native 5G architecture, enabling faster innovation and operational efficiencies. This agreement reinforces Enea’s role in supporting next-generation telecom networks and strengthens its collaboration with the operator.

(PRESS RELEASE) STOCKHOLM, 22-Nov-2024 — /EuropaWire/ — Enea has signed a three-year support and maintenance agreement with a Tier 1 network operator in North America, expanding its collaboration for the Stratum Network Data Layer project. The contract, covering the period from 2025 to 2027, carries a committed value of $4.2 million, with a potential total of $5.2 million. This agreement builds on the initial software contract announced on October 22, 2024, and reinforces Enea’s growing role in enabling next-generation network solutions.

The Stratum product, part of Enea’s portfolio for the 5G Core, facilitates unified data management across network applications, replacing proprietary solutions. Stratum supports service providers in transitioning from 4G legacy Subscriber Data Management systems to an open, cloud-native, and service-based 5G architecture. This transformation enhances application deployment speeds, fosters innovation, and delivers significant operational efficiencies in a 5G-enabled environment.

Commenting on the deal, Anders Lidbeck, President and CEO of Enea, stated: “As I mentioned during the initial contract announcement in October, it’s incredibly rewarding to gain this customer’s trust for an additional three years. Adding the support and maintenance agreement demonstrates the full scope and value of this collaboration.”

The agreement ensures ongoing support for the network operator’s 4G and 5G networks, further strengthening Enea’s position as a trusted partner in the transition to cloud-native networking. The contract revenue will be recognized over the duration of the agreement, contributing to Enea’s sustained growth in the telecom industry.

This partnership underscores Enea’s commitment to delivering innovative solutions that enable operators to embrace the future of 5G networks while optimizing their current infrastructure.

About Enea

We are a world-leading specialist in advanced telecom and cybersecurity software with a vision to make the world’s communications safer and more efficient. Our solutions connect, optimize and protect communications between companies, people, devices and things worldwide. We are present in over 80 markets and billions of people rely on our technology every day when they connect to mobile networks or use the Internet. Enea is headquartered in Stockholm, Sweden and is listed on NASDAQ Stockholm. Visit us at enea.com

Enea is required to make the information in this press release public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 8:00 a.m. on November 22, 2024.

Media Contact:

info@enea.com
Phone: +46 8 507 140 00

SOURCE: Enea