Coms' Redstone wins in-building cellular system contract
23rd Feb 2016 15:19
(ShareCast News) - AIM-listed Coms, a provider of infrastructure and smart building solutions, said its core division Redstone has won a "strategically-significant" contract to design and install an in-building cellular system serving nearly 1m square feet of office space in the city of London. The
Read moreComs enjoys significant trading improvement at Redstone
15th Feb 2016 10:05
(ShareCast News) - Full year earnings at Coms Plc have beaten management targets thanks to strong sales and profit performance from IT services provider Redstone. Coms said that having been fully focused on Redstone's IT offering after offloading its lossmaking telecoms business last May, earnings f
Read moreComs plc's shares surge on appointment of new CEO and CFO
14th Jul 2015 09:34
(ShareCast News) - Coms PLC's shares surged on Tuesday morning, as it appointed a new chief executive and chief financial officer. Mark Braund will adopt the role of chief executive of the communications services provider, moving from the same position at recruitment firm InterQuest. Braund has serv
Read moreComs jumps on sale of telecoms divison
26th May 2015 09:56
Communications services developer Coms has reached an agreement to sell its telecoms division to Timico for up to $3.5m. In a statement released on Tuesday, Coms said that Timico will initially pay £2.5m, with an additional £1m payable depending on the performance of the business, adding it will use
Read moreComs tanks as it warns of substantial annual loss
25th Feb 2015 10:24
Cloud based telephony services provider Coms has warned it will report a substantial loss for the year to 31 January. The AIM group said that while the increase in revenue reported in the six months to 31 July continued in the second half of the year, gross margins will be lower than in the first ha
Read moreSector movers: Aveva profit warning sinks software stocks
12th Sep 2014 13:52
A profit warning from Aveva sent the UK-listed software sector firmly into the red on Friday with the FTSE 250 losing as much as a quarter of its value. The stock was down 24.6% in afternoon trade after Aveva added to the list of problems affecting its first-half results. Currency movements and the
Read moreComs expects full-year profits to be previous guidance
14th May 2014 13:19
Coms, which provides 'Voice over Internet Protocol' (VoIP) telephony solutions to UK businesses, has said that annual profits will be well ahead of previous estimates. The AIM-listed group had said in February that it expected earnings before interest, tax, depreciation and amortisation (EBITDA) to
Read moreComs announces 'lucrative' PhoneAfrika partnership
14th Apr 2014 07:56
Telecommunications and IT services provider Coms has announced a 'lucrative partnership' with Live Telecoms for a SIM-only brand called PhoneAfrika mobile. PhoneAfrika offers customers cheap call rates when UK residents dial African numbers and reduced price calls when travelling overseas. Coms c
Read moreComs unveils further contract wins
13th Mar 2014 08:38
AIM-listed Coms on Thursday announced further contract wins, which it said would assist with the development of plans for increased market share in numerous sectors. It also said the wins meant it was exceeding revenue targets. One of the most significant deals was a "lucrative" contract for a pr
Read moreComs strengthens telecoms operations through Smarter Mobile deal
10th Mar 2014 07:22
Communication, connectivity and business services firm Coms has acquired telecoms company Smarter Mobile UK. Smarter Mobile, a specialist in mobile and wireless coverage solutions for businesses, was acquired for £225,000 in cash. It has a current annual turnover of £240,000 and is earnings neutral
Read moreSector movers: AVEVA, Coms, Castleton lift software stocks higher
8th Jan 2014 15:43
The software and computer services sector was trading higher on Wednesday with engineering software firm AVEVA lifting the category after an upgrade by UBS. Shares in the FTSE 250 firm were up 7.2% at 2,276p before the close of trade after analysts at the Swiss bank raised their rating from 'neutra
Read moreComs wins five new contracts
6th Jan 2014 08:20
Telecommunications and IT services provider Coms has been awarded five new contracts for its connectivity and communication services. The work on the contracts is set to begin early 2014, with the financial benefits being realised the following year. The first contract, worth £850,000 a year, is
Read moreComs Chief builds stake after 'significant' contract win
27th Nov 2013 15:59
David Breith, the Chief Executive Officer of Coms, on Tuesday acquired 1.53m shares, which the same day climbed after the group announced a "significant" contract win. Breith bought the shares at 4.48p each for a total of £68,544. The telecommunications and information technology specialist has s
Read moreComs announces major contract win
26th Nov 2013 10:36
Coms's shares climbed after the telecommunications and information technology specialist announced a "significant" contract win. The group has secured a contract to supply a provider with up to 50,000 mobile SIM cards through Coms's newly built mobile network. The SIM cards are expected to be roll
Read moreComs to acquire Redstone subsidiary
5th Nov 2013 11:03
AIM-listed Coms has conditionally agreed to acquire Comunica Holdings, a subsidiary of infrastructure and support services firm Redstone. The £9.5m consideration will be satisfied by an initial payment of £7.65m, funded from Coms's cash resources and a new £2.5m overdraft facility, followed by a
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