10:24 AM EDT, 04/08/2025 (MT Newswires) -- Arqit Quantum ( ARQQ ) won a three-year contract for its NetworkSecure technology with an undisclosed global tier 1 telecommunications company.

Financial details weren't disclosed.

Quantum-safe NetworkSecure technology will be deployed as part of the network-as-a-service suite, Arqit said Tuesday in a statement.

The telecommunications company operates in 32 countries, offering secure digital infrastructure with a backbone spanning over 600,000 kilometers of fiber, Arqit said.

Shares of Arqit rose 5.7% in recent Tuesday trading.

Price: 13.64, Change: +0.73, Percent Change: +5.65