Australia's Comms Group hits 2-year high on voice services contract

Comms

09/09/2024 02:29

** Shares of Comms Group  CCG.AX  rise as much as 9% to
A$0.085, their highest since Sept 5, 2022    
    ** The IT co says it was awarded a major contract in
partnership with Vodafone to provide IP-based voice services to
a global software-as-a-service (SaaS) provider
    ** Co's global division will earn at least A$2.4 mln ($1.60
mln) in revenue for the provision of services
    ** Stock set for best day since Sept 4, if gains hold    
    ** Over 1 mln shares change hands, compared with the 30-day
average volume of 395,288
    ** CCG stock up 23% YTD, as of 0109 GMT
   
    ($1 = 1.4988 Australian dollars)

 (Reporting by Adwitiya Srivastava in Bengaluru)
 ((Adwitiya.Srivastava@thomsonreuters.com;))