Sydney, Australia – 9 September 2024 | Comms Group Limited (ASX:CCG) ("Comms Group" or the "Company") is pleased to announce that it has recently secured a major contract in partnership with Vodafone Business, the business division of Vodafone Group PLC, to provide IP-based voice services to a leading global SaaS provider. The awarded contract, with a value of over A$2.4 million, will generate this revenue for Comms Group over an initial minimum three-year term, with potential for additional earnings through further usage-based charges.
Highlights:
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Significant Contract Win: Comms Group has been awarded a new major contract, in collaboration with Vodafone Business, to deliver IP-based voice services to a global SaaS provider, covering ~7,000 users.
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Revenue Generation: The contract will deliver over A$2.4 million in revenue through upfront and ongoing service fees over a minimum three-year period initially, with additional revenue to come from potential usage-based charges.
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Strategic Partnership: This contract reinforces the strategic partnership between Comms Group and Vodafone Business, building on their joint capabilities in unified communications and global country coverage.
Peter McGrath, Group CEO and Managing Director of Comms Group, stated: "We are thrilled to embark on this exciting new initiative with Vodafone, a highly strategic partner of Comms Group’s global division. This key contract win is a testament to our dedication to expanding and improving access to full-service voice and unified communications services globally. We look forward to delivering outstanding service and further strengthening our relationship with Vodafone in the coming years. It also signals the beginning of future opportunities within this product portfolio, as we continue to develop and deliver on key opportunities in the sales pipeline. We expect further contract wins in the short-to-medium term, which will continue to develop Comms Group’s position in the market.”
Comms Group’s Services:
Comms Group is set to commence the delivery of services for this global customer, leveraging its extensive unified communications services and advanced technical capabilities to deliver seamless, reliable voice services.
Comms Group’s Growth Strategy:
Comms Group will continue to hone its focus on providing multi-country unified communications as a service (UCaaS) solutions to multinational corporations, along with the latest generation of products, supported by its global network and technical expertise. The Company will continue to work toward further similar contract wins to enhance its market position.
Peter McGrath
Chief Executive Officer
https://commsgroup.limited/feedback
Matthew Beale
Chief Financial Officer
https://commsgroup.limited/feedback
Jane Morgan
Investor and Media Relations
jm@janemorganmanagement.com.au
About us:
ABOUT COMMS GROUP LIMITED (ASX:CCG)
We enhance business agility through innovative cloud-based communications and secure modern workplace solutions.
Comms Group provides a full range of advanced communications, collaboration and IT solutions from the Cloud. We specialise in the delivery of secure modern workplace IT solutions, managed services, cloud hosting, cloud communications, CPaaS and UCaaS, delivering reliable and scalable technology solutions to empower businesses.
Cloud Communications and Collaboration (Next Telecom)
Cloud communications service provider to Australian SME & corporates with award-winning customer service. Key offerings include unified communications solutions, including Microsoft Teams Calling, value-added services, cloud business phone/hosted PBX, inbound/toll-free services, mobile services, and extensive connectivity solutions, including fibre and NBN broadband, SD-WAN and secure firewall services.
Secure Modern Workplace Solutions (onPlatinum)
Award-winning IT & Cloud Services Managed Service Provider supporting corporate customers' ICT needs. We assist mid-market businesses with tailored solutions for enhanced productivity, security, and efficiency. Our proactive IT support and flexible cloud solutions drive your business forward, while multi-layered protections keep your data and systems secure. We work closely with our customers to create a secure, modern workplace where their organisation can thrive.
Global UCaaS and Wholesale (Comms Group Global)
Specialist UCaaS for international business and CPaaS for wholesale customers with global network reach. With our cloud-based network and expertise in Microsoft Teams, Cisco Webex and SIP, we offer fully managed services and PSTN replacement services in over 65+ countries. We provide global MNCs with seamless international unified communications solutions over a reliable global network, along with the latest product solutions and high levels of technical knowledge and global 24x7 support.
Contact details:
Jane Morgan
Jane Morgan Management
Investor and Media Relations
jm@janemorganmanagement.com.au