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News: REF Reverse Corp Gets Notification From Telstra That Service Provider Agreement Will End On...

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    03/09/18
    15:25
    Post #: 35379077

    Sept 3 (Reuters) - Reverse Corp Ltd (REF) :

    • RECEIVED NOTIFICATION FROM TELSTRA CORPORATION THAT SERVICE PROVIDER AGREEMENT FOR BILLING OF TELSTRA MOBILES WILL END ON 28 FEB 2019
    • END OF AGREEMENT TO NEGATIVELY IMPACT EBITDA BY $65,000 PER MONTH
    • AS A RESULT OF NOTIFICATIONS FROM TELSTRA AND OPTUS, MANAGEMENT PROPOSES TO CLOSE 1800-REVERSE IN MARCH 2019
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