Suncorp wins HK$325M orders for VOIP residential cordless phones from Telecom Italia
Thursday, February 15th, 2007SunCorp Technologies Ltd had won contracts worth HK$325 million to supply its “Aladino VolP” phones to Telecom Italia. SunCorp’s “Aladino VolP” phone, which allows consumers to make free or low cost phone calls across the Telecom Italia, “Alice” Broadband network service, was initially launched in the Italian market in the last quarter of 2006, with SunCorp delivering HK$75 million dollars worth of orders. Turning out to be a huge hit, with Telecom Italia experiencing strong demand, SunCorp was asked to deliver HK$150 million worth in the first quarter of 2007. A further order valued at HK$100 million has been received for the second quarter of 2007.
“These contract wins are significant and are certainly welcome news to shareholders given the production and other difficulties we experienced at the end of 2006, which resulted in the raising of a further HK$60 million in capital through a Rights Issue,” said Peter Amour, Chairman, SunCorp. “These wins prove that despite those challenges we were able to deliver the right technological products at the right time. SunCorp hopes to emulate the success its products have achieved with Telecom Italia, by securing contracts with a large number of other Telco customers in Europe in the second half of this year.”
Source and more info: wirelessdesignasia