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Swift Media (ASX:SW1) secures $2M in new contracts

Telecommunication
ASX:SW1      MCAP $12.93M
26 February 2021 14:20 (AEST)
Swift Media (ASX:SW1) - CEO, Pippa Leary

Source: Mumbrella

Swift Media (SW1) has signed two new sales agreements and extended a couple of its current contracts, securing $2 million in the process.

Swift is a telecommunication and content provider servicing a cross-section of industries. The company sources and curates multilingual content from around the world, which is then packaged to suit each client’s brand.

Swift signed the new contracts with Atlas Iron for two villages, Miralga Creek and Sanjiv Ridge, to provide communication, entertainment and support for 304 rooms on a 36-month term.

The contract extension with Anglo Gold will see Swift continue to supply in-room entertainment and ongoing support for 1042 rooms for 11 months, starting this month.

Swift also extended its contract with Inpex this month to continue providing in-room entertainment plus support for two offshore vessels across 394 rooms for a further eight months from June 2021.  

Swift Media is up 4.88 per cent, trading at 4.3 cents at 2:24 pm AEDT.

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