Cerillion Share Price Jumps on ‘Major New Contract’
Cerillion (LON: CER) saw its shares rally more than 4% on Monday following the announcement of a significant new contract win.
The provider of billing, charging, and customer relationship management software said it has secured an $11.4 million deal with a national telecoms operator in the Caucasus region, covering a five-year initial term with potential for further expansion.
The agreement will see Cerillion supply its Business Support Systems/Operations Support Systems (BSS/OSS) software, supporting over one million B2B and B2C customers across various services, including fixed, mobile, broadband, and TV.
The company added that the implementation of the software is set to begin immediately, with meaningful revenue benefits…
