bullish
Comms Group Limited - Vodafone Contract Extension and Expansion
SUMMARY
- Comms Group Ltd (ASX:CCG) has announced an extension of the Vodafone contract term to a minimum five-years together with an expansion in the range of services provided in delivering voice connectivity for Microsoft Teams, including the more advanced Operator Connect.
- The extended agreement also includes a minimum monthly payment to CCG of A$30k beginning October 2023.
- While our Vodafone assumptions are unchanged, and our medium-term expectations for Vodafone well above the minimum monthly payment, the revised agreement improves visibility and demonstrates Vodafone’s commitment to the relationship.
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- Comms Group Limited - Vodafone Contract Extension and Expansion22 Jun 2023
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