Comms Group Limited (ASX: CCG) Secures Major Telecom Contract
Contract Details
Comms Group Limited (ASX: CCG) has secured a significant telecommunications contract with a US-based global technology company through its strategic partner. The contract entails providing inbound and outbound call-termination services across Australia and New Zealand, commencing in January 2025.
The initial agreements are set for recurring service components, with projected annual revenues anticipated to reach between $1.5 million and $2 million by the third quarter of FY25. The agreement is structured for an initial term of 24 months, with the possibility of annual renewals thereafter.
Executive Comments
Peter McGrath, Managing Director and CEO of Comms Group, commented, “After 12 months of proactive negotiations for our global business, this contract represents a significant milestone in the company’s ongoing growth in the global space. We are proud to be trusted by our strategic partner to deliver high quality calling services to this customer’s contact centre.”
The contract represents an important development in Comms Group’s expansion strategy, reinforcing its position within the global telecommunications market.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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