Toople PLC (LON:TOOP) shares leapt 13% higher on Wednesday on news the firm has signed a 24-month contract to provide mobile connections for an undisclosed tyre company based in Southern England, stealing the contract away from incumbent provider Vodafone PLC (LON:VOD).
The provider of bespoke telecom services said the unnamed tyre company operates a fleet of mobile service vans for the commercial market.
Andy Hollingworth, CEO of Toople, commented: “It’s great to see that the Toople approach of fixed prices and transparent costs has again been attractive and successful in winning a customer from one of the big carriers.”
He added: “What particularly appealed to this customer was unlimited calls, unlimited texts and a great monthly data allocation for a fixed monthly cost.”
In late morning trading, Toople’s shares were up 13.3% to 0.85p.