‘Value for money’: Swift inks 2 renewals contracts in mining sector for $1.3 million

Swift Networks Group (ASX:SW1) has announced contract renewals totalling $1.3 million from two longstanding clients in the mining industry for network infrastructure and entertainment.

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The clients, Roy Hill and Pilbara Minerals (ASX:PLS), have signed up for 12 months; the former was already the first mine with entertainment and engagement solution Swift Access.

This product includes a low bandwidth entertainment feature, which enables early-release access for sought-after movies and other communication tools.

Roy Hill has previously implemented Swift Access at its personnel village in 2022 and will now become the first client to roll out the next generation (Swift Access 2025), with the rollout to begin later in April.

Pilbara’s renewal will mean another 12-month subscription to Swift’s products.

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Swift CEO Brian Mangano said the renewals were a testament to the quality of the services on offer in the communication package. “We are very pleased to continue to work with Roy Hill to create and develop the best entertainment and engagement experience for their team on site,” he said.

“The continuation of our subscription agreements with Pilbara Minerals and Roy Hill also reinforces the demand for Swift’s reliable and value-for-money village entertainment services across the mining sector.”

Swift has been trading at 1cps through this red Friday.

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