(News Bulletin 247) – The Luxembourg company specializing in technical services for new technologies is developing its business across the Channel. Solutions 30 is teaming up with Community Fiber to roll out fiber to London homes.

Solutions 30 is multiplying its initiatives outside France and in particular on the other side of the Channel. The European leader in solutions for new technologies announced Tuesday evening after the stock market to join forces with the British Internet service provider Community Fiber to deploy fiber in London.

The partnership between Solutions 30 and Community Fiber initially aims to connect more than 200,000 London households in 2 years to the network of the British Internet service provider. The contract will involve other projects in a second step, specifies Solutions 30.

To respond to the ramp-up of deployment and the speed of delivery, Solutions 30 plans to call on local technicians “but also qualified employees from other countries where Solutions 30 is established who have significant experience in fiber deployments”.

A “vested outsourcing” contract

Solutions 30 specifies that the contract concluded with Community Fiber takes the “innovative” form of jacket outsourcing . It is a contract that commits both parties to fully aligned interests and objectives. In this case, the agreement encourages the two partners to optimize the quality of the network, the economic return of the project and the efficiency of the deployment planning in order to accelerate the return on investment of the partnership.

“This new contract demonstrates Solutions 30’s ambitious goals and continued growth in the UK telecommunications market. Our experience in Europe and on FTTx (‘fiber-to-the-x’) projects, in other words bringing fiber close-to-the-user, editor’s note) bring much needed additional capacity to the UK market and which we are delighted to bring to Community Fibre,” said Paul Garston, Managing Director of Solutions 30 in the UK.

This is not the first time that Solutions 30 is committed to a contract of jacket outsourcing. The European leader in solutions for new technologies says it is “happy” to reproduce this model which has resulted in “a success” for its Belgian subsidiary.

With the partnership concluded with Community Fibre, Solutions 30 is therefore pushing its pawns even further in the United Kingdom. In December 2020, the company had already scored a success across the Channel. The European leader in technological assistance had in fact acquired Comvergent, thus gaining a foothold in the last major European market where it did not yet operate.

The acquisition of this local “small player” will allow Solutions 30 to “respond to the next national calls for tenders on 5G”, commented then Charles-Louis Planade in charge of the coverage of the title for Midcap Partners, now renamed TP ICAP Mid cap. “The group continues to roll out its model and is positioning itself skillfully to be one of the main players in the deployment of 5G in Europe in the years to come”, underlined the analyst.

On the Paris Stock Exchange, the market appreciates the development of the activity of Solutions 30 in the United Kingdom. The title gains another 5% around 11:10 a.m. after jumping nearly 11% in the first trade. Since January 1, Solutions 30 has posted growth of more than 50%.

A return to better fortune?

The title is recovering on the stock market after having suffered the second largest drop in the SBF 120 in 2022 (-75.95%) behind Orpea, which had experienced real stock market ordeal (-93%) with the publication of a book accusing the society of mistreating its residents.

Unlike the operator of retirement homes, Solutions 30 got off to a strong start this year 2023. The company has indeed recently given guarantees of success to the market, which had lost confidence in the file with, in particular, the episode of the disputed accounts of December 2020.

At the end of January, the Luxembourg company specializing in technical services for new technologies surprised the markets, reporting dynamic growth at the end of 2022. Solutions 30 then published an annual turnover of 903 million euros. euros, i.e. 3.3% increase over the financial year, of which +1.2% organically. Sales that were above analysts’ expectations, including TP ICAP Midcap, which for its part was counting on revenues of 875 million euros for 2022.

Solutions 30 took advantage of this meeting with the market to communicate its forecasts for 2023 and at 5 years. For this year, the company expects double-digit growth, a rate that will allow it to cross the bar of one billion euros in turnover. Within 5 years, the company is now aiming for a turnover of around 2.5 billion euros. TP ICAP Midcap then considered this objective “achievable given the potential of the Solutions 30 markets in Europe”.