MELBOURNE, May 31, 2010: The Board of Senetas Corporation Limited (ASX:SEN), announced today that it had been informed by Telstra Corporation that a consulting contract with the Telco will not be renewed after June 30, 2010. Senetasf Consulting Division has had a team of consultants delivering services at Telstrafs Melbourne Head Office. They have been involved in its application development and production, maintenance and support projects. Telstra formally notified Senetas today that the contract would not be further extended. It is understood the work would be outsourced to an Indian]based consultancy
TLS Price at posting:
$2.95 Sentiment: Hold Disclosure: Held
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