MTI Wireless Edge wins $1.8m contract with broadband provider

Shares in MTI Wireless Edge climbed on Wednesday after the antenna maker said that it had won a new $1.8m contract from an existing customer in the broadband wireless access sector.

The AIM-listed company’s new contract with the broadband firm will be fully delivered in 2017.

MTI chief executive Dov Feiner said: “We are delighted with this order win which again highlights our advanced technology, capabilities and position in the broadband wireless access market.”

Shares in MTI Wireless Edge were up 14.29% to 22p at 0828 GMT.