Australia's Comms Group jumps on expanding agreement with Vodafone

Comms

15/06/2023 02:15

** Shares of Australia's Comms Group  CCG.AX  rise as much
as 5.5% to A$0.058 - set to mark best day since May 22, if
current gains hold 
    ** Stock hits highest level since May 24 
    ** Information and communication technology co expands
current supply agreement with Vodafone Group PLC  VOD.L  
    ** Says both cos have agreed to extend the existing supply
agreement to include the provision of Microsoft Operator
Connect, automation, self-service and provisioning tools and
related services
    ** Adds Vodafone Business have committed to a minimum
monthly charge of ~A$30,000 ($20,370.00) from Oct 1, 2023
    ** Stock down 27.6% this year, as of last close

($1 = 1.4728 Australian dollars)

 (Reporting by Nausheen Thusoo in Bengaluru)
 ((Nausheen.Thusoo@thomsonreuters.com;))