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TLS - Telstra News Story

NZD3.68 -0.0  -0.5%

Last Trade - 16/04/21

Sector
Telecoms
Size
Large Cap
Market Cap £22.92bn
Enterprise Value £32.96bn
Revenue £12.67bn
Position in Universe 15th / 1898

BRIEF-Telstra Announces Changes To Retail Store Network

Thu 11th February, 2021 12:04am
Feb 11 (Reuters) - Telstra Corporation Ltd  TLS.AX :
    * ANNOUNCED INTENTION TO TRANSITION TO FULL TELSTRA
OWNERSHIP FOR
BRICKS AND MORTAR BRANDED RETAIL STORES ACROSS AUSTRALIA.
    * NEGOTIATIONS WITH INDEPENDENT LICENSEES ABOUT AN AGREED
TRANSITION TO TELSTRA OWNERSHIP WILL BEGIN SHORTLY
    * CO HAS 67 OWNED AND OPERATED STORES, ANOTHER 166 BRANDED
STORES
RUN BY INDEPENDENT LICENSEES AND 104 STORES OPERATED BY VITA
GROUP LTD
    * TALKS WITH INDEPENDENT LICENSEES ABOUT TRANSITION INCLUDES
PLAN
TO OFFER ROLES TO CURRENT STORE STAFF IN MAJORITY OF CASES
    * TALKS WITH INDEPENDENT LICENSEES EXPECTED TO CONTINUE OVER
THE
NEXT 12 TO 18 MONTHS

Source text for Eikon:  ID:nASX9g7ZrV 
Further company coverage:  TLS.AX 

 ((Reuters.Briefs@thomsonreuters.com;))
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