Quadtel secures OzEdsl contract
Quadtel has won a contract with OzEmail to supply ADSL modems and associated support to the ISP’s newly launched OzEdsl broadband offering.
While the initial contract is for 12 months, the relationship will automatically continue past this period ‘unless one of the parties decides to withdraw’, according to Quadtel ceo Rodney Orrock.
“We believe the contract will be worth in excess of $2 million to Quadtel in the initial 12-month period,” Orrock said.
“Both sides have entered into what we both feel will be a long term and mutually rewarding association.”
“While the revenue will be a welcome addition to our business, it’s also an endorsement of our corporate strategy from one of Australia’s leading brand names,” Orrock said.
The contract with OzEmail will send a strong signal to the market that Quadtel’s business strategy remains ‘on track and even ahead of schedule’, according to Quadtel chairman David Ramsay.
“With the broadband market obviously heating up and our retail distribution capacity in place through our fully owned subsidiary Marketing Results, we are in a prime position to add significant value to our ISP customers,” Ramsay said.
“Coupled with the recent Motorola contract for cable modems and our developments in China as highlighted in the most recent China update, Quadtel is definitely performing ahead of our projections.”
Orrock said that if the OzEmail contract does continue as expected, ‘the year to year value of the contract is projected to increase significantly as the OzEdsl subscriber base expands’.
4-Jun-2002