Australia's Comms Group hits over 3-yr high on deal with Vodafone Global Enterprise

Comms

15/03/2022 24:04

** Shares of Comms Group  CCG.AX  jump as much as 30% to
A$0.130, their highest since Oct. 10, 2018 
    ** The cloud communications provider enters https://www.asx.com.au/asxpdf/20220315/pdf/4570jznh6ns1k7.pdf
 into a global supply agreement with Vodafone Global Enterprise 
    ** Deal to supply key wholesale telecommunications services
to its customers including Microsoft Teams calling services,
value added services and hardware-based voice solutions
    ** Expects agreement will materially add to current more
than A$50 mln ($36.00 mln) annualised revenue
    ** Stock posts its biggest intra-day percentage gain since
Aug. 6, 2020 
    ** More than 900,000 shares have changed hands, compared
with the 30-day average of about 400,000 shares 
    ** Stock down ~4.8% YTD, as of last close 
    



($1 = 1.3891 Australian dollars)

 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))