IQGeo Group plc announced that further to the original announcement in July 2022, one of its larger tier 1 telecom customers in North America has expanded its deployment of IQGeo's software. Under the terms of the extended agreement, the customer is increasing the user licences by 7 times the initial cohort, and 11 times the number of demand points for the automated planning and design software, in order to accelerate the rollout of its fibre broadband network to millions of new customers. The two-year contract extension has a total ACV value of over USD 2.7 million per annum and a total contract value of more than USD 10.0 million.

Using IQGeo's fibre planning and field mobility software, the customer has automated the planning and design process and linked it directly with field surveys and construction. The integrated network approach dramatically reduces the time required for planning and construction, streamlines field work, and improves network data quality. This optimisation is saving the customer millions in operational cost and accelerating time to revenue for its broadband business.