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.

FTSE AIM All-Share

730.25

11:45 15/11/24

n/a

MTI Wireless Edge Ltd.

46.00p

16:50 14/11/24

-1.08%

-0.50p

Technology Hardware & Equipment

1,920.18

16:30 25/09/24

0.00%

0.00

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.