Shearwater (GB:SWG) has released an update.
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Shearwater Group PLC has announced a substantial $12.8 million contract win with a global mobile telecommunications company, enhancing its capability to deploy advanced 5G networks. The company also reported interim results showing a slight increase in revenue to £11.3 million but a reduced EBITDA, reflecting a challenging economic environment. Despite the financial strain, Shearwater continues to strengthen its market position with strategic partnerships and innovative cybersecurity solutions.
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