TXO Systems Ltd (TXO), a global leader in the supply of telecommunication equipment, networks & infrastructure, today announced financial results for the fiscal year ending 30th June 2019. TXO reports revenues of £32.7 Million for 2019, up 11.4% Year-On-Year.
“In the past year we have expanded our international reach as well as adding exciting new capabilities. In 2019 we completed the acquisition of telecom service provider MMX Communications and invested into new facilities for our US and Brazilian operations. In addition, the launch of a new commercial entity and associated facilities in France, completed a busy year of positive change,” commented Darren Pearce, CEO of TXO.
“With these solid results and our delivery of key building blocks, we are in a strong position to continue to improve our balance between growth and profitability.”
TXO offer an end-to-end service aligned to the circular economy while holding one of the world’s largest and most complete inventories of fixed-line and mobile telecoms infrastructure.
“We continue to build the foundation to drive more growth,” said Simon Griffiths, Group CFO of TXO. “These new capabilities increase our global presence, add new services such as system integration, logistics, test & repair and maintenance, and allow us to deliver integrated solutions for utilities and other companies in diverse technology market sectors.”
“The expanded capability has also positioned us very well to meet the needs of our customers around the world during the Coronavirus pandemic as they maintain and upgrade the critical infrastructure we are all reliant on for personal and business communications in this difficult time.”
About TXO Systems
TXO Systems provide professional telecoms asset management services and consultancy.
TXO works with its clients to responsibly and sustainably acquire, redeploy, resell, and recycle technology and telecoms network assets, allowing them to generate revenues, reduce expenses and achieve corporate responsibility objectives. The company specialises in providing technically sound and dedicated project management of telecom network infrastructure asset recovery solutions for clients from a variety of disciplines including telecommunications, data centres, oil & gas, government and education.
Babel PR for TXO Systems
Tel: +44 (0)7966 145092