Sandvine Lands NTT DoCoMo Contract

Network equipment maker Sandvine Corp (SVC.TO) received a contract from Japan’s NTT Communications Corp to deploy its Policy Traffic Switch (PTS) on NTT’s high speed network in Japan, sending Sandvine’s shares up as much as 13 percent. The PTS platform provides broadband and wireless network operators with services like capacity planning and quota management.

“Based on our back-of-the-envelope analysis, we believe this contract could be worth in the range of C$20 million to C$40 million over a three-year deployment period,” Canaccord Adams analyst Eyal Ofir said in a note to clients. According to Reuters the financial terms of the contract were not disclosed.