DGAP-News: LS telcom AG: LS telcom successful in Africa
DGAP-News: LS telcom AG
/ Key word(s): Incoming Orders
LS telcom AG: LS telcom successful in Africa
04.08.2020 / 17:04
The issuer is solely responsible for the content of this announcement.
Lichtenau, Baden-Württemberg, August 04, 2020
LS telcom successful in Africa
Order income from regulatory authorities worth EUR 5.3 million
Lichtenau, Baden-Württemberg, August 4, 2020 - Last week the LS telcom group of companies recorded a gratifying order intake with a total volume of approximately EUR 5.3 million. Regulatory authorities of two African countries each commissioned the company to deliver a system for national radio frequency management, the so-called Spectrum Management. With these systems the regulators will, among other things, award and manage the licences for new mobile networks. In order to ensure that the license conditions are complied with at each transmission site and that the radio transmitters do not cause interference to other users, LS telcom AG is also to supply a comprehensive national radio monitoring system in one of the countries.
The importance of the use of the radio spectrum has grown steadily in recent years. New technologies, broadband services, digitization and automation projects in industry and also in the private sector are leading to a significantly increasing number of users and devices, all of which rely on highly available, reliable, interference-free connectivity via wireless networks. National spectrum management, which means not only the optimized allocation and assignment of the limited national radio spectrum resource, but also includes the control of the actual use of these radio frequencies by continuous high quality radio monitoring, is therefore immensely important for a country's economy. Last but not least, especially in the current times of the Covid-19 pandemic, good radio coverage is essential for broadband services to support distributed working as much as possible, but also for the dissemination of information to people via regular audio and TV broadcasting services.
"We are all the more pleased about the acquisition of these two new customers and the contracts that have now been concluded, as the Corona pandemic meant that we had to conduct the entire negotiations remotely via telephone and video conferences. ", Dr. Manfred Lebherz, Spokesman of the Executive Board of LS telcom AG, says "The delivery and installation of these systems under the current pandemic conditions remains a challenge, but we will successfully overcome these potential hurdles by involving our regional subsidiaries and local partners where necessary."
The LS telcom Group is a leader in terms of both technology and the number of installations of integrated spectrum management and radio monitoring systems worldwide.
The African market has played an important role for LS telcom for many years. LS telcom has already successfully implemented projects here with customers in 24 countries. These two new customers further extend the international reach of the LS telcom Group with customers globally in well over 100 countries.
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About LS telcom
LS telcom is the world's leading provider of technology and consulting services for the efficient use of the radio frequency spectrum. We optimize frequency management and use, enabling efficient, reliable, interference-free and secure radio services and networks in all markets. Our portfolio includes consulting and measurement services as well as integrated solutions for planning, analysis, monitoring and management of radio infrastructure.
Frequency users in numerous industries rely on our radio experts and products for the design, planning, procurement and implementation of radio networks, including radio measurement, analysis and optimization of operational networks. We plan outdoor and indoor radio networks of any technology and application.
Our customers in more than 100 countries include national and international regulatory authorities, mobile and broadcasting operators, ministries, authorities and organizations with security tasks, public transport, transportation, energy industry, utilities and industrial companies.
As a globally active company, LS telcom has subsidiaries in Australia, Canada, China, France, Great Britain, South Africa, Hungary, the USA and the United Arab Emirates as well as representatives in Argentina, Malaysia and Oman. Our company headquarters are located in Lichtenau, Baden, Germany. Since 2001, LS telcom has been listed on the German Stock Exchange with the security identification number ISIN DE 0005754402.
LS telcom
Katrin Bleich
Email: IR@lstelcom.com
Phone: +49 7227 95 35-600
Fax: +49 7227 9535-605
www.LStelcom.com
04.08.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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1109567 04.08.2020