Swissnet Group Secures Landmark EUR 10 Million Contract

Swissnet Group has announced a landmark contract worth approximately EUR 10 million, marking the largest in the company's history. This agreement entails providing nationwide fibre-optic connectivity across 600 retail locations in Germany. The contract spans seven years, promising recurring monthly fees for Swissnet Group and additional revenue from supplementary services in the future.

Swissnet Group will lead project coordination, technical integration, and implementation, collaborating with infrastructure partners to enhance connectivity without bearing the network expansion costs. The project aims to complete connectivity within 24 months.

This contract amplifies Swissnet's market foothold, aligning with its strategy of boosting recurring revenue and securing long-term growth opportunities through value-added services. Boris Tölzel, Director CH of Swissnet Group, expressed optimism about further expanding the initial contract volume through future services and projects.