Net Insight Signs Agreement Worth SEK 220 Million with Türk Telekom in Synchronization
November 01, 2021 at 12:40 pm IST
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Net Insight has signed a collaboration agreement with Turkish telecom operator Türk Telekom relating to 5G synchronization. The agreement is the first of its kind for Net Insight, and opens up a big new market. Within the framework of the collaboration agreement, SEK 55 million relates to product development, and around SEK 25 million will be an initial order with product delivery starting this year. With the agreement, Net Insight once again demonstrates the ability to commercialize its technical excellence. Under the agreement, which is worth SEK 220 million, Net Insight is initially provided SEK 55 million for product development, as well as an initial order worth SEK 25 million for existing products with delivery starting this year. The remaining orders for an entirely new product for 5G will be delivered towards the end of 2023, with delivery completed in 2026. The solution offers unique advantages as it is independent of GPS and can provide time synchronization over existing networks. 5G rollouts can therefore be done without replacing or upgrading existing nodes in the networks, which reduces operator costs significantly.
Net Insight will develop the product on the foundation of the company's core technology, competencies and experience in time synchronization, and combined with Türk Telekom's expertise and technology adapt it for 5G and future synchronization requirements. Extending the operations with a new offering strengthens the company and opens up new markets for Net Insight. Certain resources will be shared, such as administration, logistics and support functions. The solution can be used for synchronization on other markets, but the primary focus is now on 5G.
Turk Telekomunikasyon AS is a Turkey-based company, which is engaged, together with its subsidiaries, in the telecommunication sector. The Group provides local, national, international and mobile telecommunication services, internet products and services, as well as call center and customer relationship management, technology and information management. Turk Telekomunikasyon AS operates under the following segments: Fixed Line and Mobile. Fixed Line services are provided by Turk Telekom, TTNET AS, Argela Yazilim ve Bilisim Teknolojileri Sanayi ve Ticaret AS, Innova Bilisim Cozumleri AS, Sebit Egitim ve Bilgi Teknolojileri AS, AssisTT Rehberlik ve Musteri Hizmetleri AS and TTINT Group whereas Mobile service is provided by Avea Iletisim Hizmetleri AS.