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Field Solutions (ASX:FSG) signs contact with FlipConnect

Communication Services
ASX:FSG      MCAP $22.23M
19 March 2021 15:30 (AEST)
Field Solutions (ASX:FSG) - CEO, Andrew Roberts

Source: ARN

Field Solutions (FSG) has signed a wholesale supply, management and partnership contract with FlipConnect.

Field Solutions have created a product allowing internet service providers (ISPs) like FlipConnect to pay for backhaul, transit and termination on a per subscriber model, removing the need to own and manage assets.  

The product is designed to move the costs and complexity for an ISP or when providing national broadband network (NBN) services.

As part of the partnership, FlipConnect will be retailing services on FSG’s Regional Australia Network, Australia’s largest non-NBN fixed wireless network.

FlipConnect is the second major customer to take advantage of Field Solutions’ virtual WBA product. The contract is expected to result in $24 million in revenue.

“FSG’s Virtual WBA is highly scalable and capable of managing NBN’s consumer and business products for multiple ISPs and MSPs [mobile service provider],” says Field Solutions CEO Andrew Roberts.

Field Solutions has extended its proprietary Ordnance software to encapsulate the additional functionality, delivering the required actions to supply and manage all the NBN’s consumer and business products simply and at lower cost for the ISP or MSP.

The project is set to begin in April 2021 and will take two months to complete.

Field Solutions is up 3.53 per cent, trading at 8.8 cents at 4:05 pm AEDT.

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