Australia's Swift Networks Group gains on Iluka Resources contract

Swift TV

12/09/2024 02:17

** Shares of Swift Networks Group  SW1.AX  rise as much as
7.1% to A$0.015, their highest level since Aug. 27
    ** Technology co signs A$1 mln ($667,000) total contract
value of agreements with Iluka Resources  ILU.AX  to deliver
Swift Access for 36 months
    ** Says Swift Access provides remote mine sites with
TV-based communications and entertainment platform without the
need for new televisions, high bandwidth or expensive pay TV
systems
    ** Stock had fallen 6.7% this year, as of last close

($1 = 1.4993 Australian dollars)

 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com))