Ann: AGM Investor Presentation, page-42

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Aussie Eagle

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29/11/17

09:43

Post #: 29203196
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Originally posted by discovery4 ↑

I thought I might also update you on a couple of areas that I scimmed over in my previous text.Paul spoke about the two banks in regard to data storage and compliance of this by the federal government inside 18 months.he said currently one bank that had 26000 employees ( his words not mine) were replacing 800 mobile handsets a month due to breakage loss or contracts running out.With BOD there will be a significant cost savings to the bank.With a separate mobile no on the employee handset all conversations and texts would be saved in the cloud and downloaded anytime by the bank.he also said America and Europe would have compliance effective from 1st January and non compliance of storage of data would attract fines of up to 4% of company profits.The Australian banks are scrambling to have in place data compliance or face massive fines in less than 18 months.At the end of the bank discussion he also said Nor were negotiating with a major global bank based in London.No more details were given.

During question time I asked about the Vietel telco and Paul said that Vietel installed their own version of Wifi.He said however Nor were discussing the possibility of running their Wifi as many wifi hot spots were in fact cold spots with no connectivity and many wifi hotspots with limited connectivity.He didn't say it but you could tell they stuffed it up.Nor to the rescue.

Anyway a great presentation and onwards and upwards.

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@discovery4 - Thank you for sharing all that..much appreciated !

NOR Price at posting: 2.4¢ Sentiment: Hold Disclosure: Held
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Ann: AGM Investor Presentation, page-42

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Ann: AGM Investor Presentation, page-42

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