Pinnacle Telecom Completes Several Contracts

5th Jul 2010 07:50

LONDON (Dow Jones)--Pinnacle Telecom Group PLC (PINN.LN), a provider of integrated telecommunications solutions, said Monday it has successfully completed several contracts to provide temporary voice and data networks for major U.K. outdoor events including the Glastonbury contract and a voice and data contract for T4 on the beach which was held yesterday in Weston-super-Mare. MAIN FACTS: -The contract for Glastonbury, a greenfield music and performing arts festival, was for the BBC to broadcast sound for BBC TV, BBC Radio and the BBC iPlayer; it also included connectivity for the whole Glastonbury Festival, which included the festival security, the hospital and the event stages. -Looks forward to T in The Park this weekend, whose 2010 line-up includes Muse, The Black Eyed Peas, The Prodigy, Eminem and Kasabian; Company currently has further contracts to supply The Big Chill Festival, V Festivals, Leeds Festival, Latitude Festival and Shambala Festival. -Shares of Pinnacle closed on Friday at 0.31 pence, valuing the company at GBP5.4 million. -By Tapan Panchal, Dow Jones Newswires. Tel +44(0)207-842 9448, [email protected] (END) Dow Jones Newswires July 05, 2010 02:50 ET (06:50 GMT)