Fibre optic tech specialist Lite Access Technologies Inc (CVE:LTE) says it has struck a 'transformational' contract with Carillion talent to support the Openreach Superfast Cymru fibre rollout in Wales.
Openreach is a functional division of UK telecoms titan BT Group (LON:BT.A) and services and maintains the wiring, fibres, and connections, which link millions of homes and businesses throughout the UK to their communication providers' networks.
"The UK is a critical market for Lite Access and our strategic partnership with Carillion talent is a transformational event for our company," said Mike Plotnikoff, the chief executive officer of Lite Access.
"This is further affirmation of our operational accomplishments with yet another prime contractor in the UK harnessing our world leading fibre installation methodologies," he said.
"We have just scratched the surface of the opportunity in the UK and I'm confident in our market leading technology to successfully unlock the next chapter of growth for Lite Access."
Last month, the international engineering solutions company Actavo awarded LiteAccess, a world leader in microduct and fibre optic technologies, a three-phase project to install a fibre-to-the-premises (FTTP) network to around 29,000 homes in Wrexham, the fourth-largest urban area in Wales.
It was following this that Lite Access was asked to ramp up and provide additional teams to carry out similar works for Carillion talent working on behalf of Openreach.
The work is part of Carillion talent's £1.5bn engineer deal with Openreach (BT) for England and Wales announced in February this year.
Lite Access says it will allow the group to diversify into and demonstrate the firm's expertise in all aspects of telecoms work activities.
Shares zoomed up over 5% in Toronto to stand at C$1.69 each.