Tele2 and NetComm Wireless announce M2M partnership, page-3

Stweeve

The announcement is another bit of awesome news for NTC. If you compare NTC with its peers based on the number of partnerships, NTC is outperforming its competitors, even the likes of Sierra Wireless. Given the size of Tele2, I am surprised this partnership didn't warrant an ASX announcement but NTC may publish one today.

Whilst all the partnerships are positive for NTC it doesn't necessarily equate to increased revenue. We are yet to hear of any significant contracts based on these partnerships. NTC typically publishes FY14/15 guidance in September/October, if the guidance is good or materially different from the previous year. If we don't see any guidance announcement by then, my guess will be that NTC will deliver a mediocre FY14/15 result and given the expectations built into the current share price, the SP will tank.