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Why the Netcomm Wireless Ltd share price rocketed 10% today

Shares in Netcomm Wireless Ltd (ASX: NTC) are up by 10% today at the time of writing after the bespoke telco equipment developer announced that it had signed an agreement with Bell Canada to supply Intelligent Fixed Wireless Access technology devices. 

Bell Canada is Canada’s largest communications company and whilst no specific unit volumes were mentioned in the agreement as is industry standard, Netcomm expect the revenues generated from the agreement in the coming years to be “significant”.

Similar to other telcos Telstra Corporation Ltd (ASX: TLS)TPG Telecom Ltd (ASX: TPM) and Vocus Group Ltd (ASX: VOC), Netcomm’s share price has been smashed over the last 2 years and investors will be hoping that this is the beginning of a long road upwards for the share price. 

Personally, I have been focusing less on telcos and more on opportunities such as this “terrifying” technology that could put Netcomm’s 10% rise to shame.

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Motley Fool contributor Kevin Gandiya has no position in any of the stocks mentioned.

You can follow Kevin on Twitter @KevinGandiya.

The Motley Fool Australia owns shares of and has recommended Telstra Limited, TPG Telecom Limited, and Vocus Communications Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.