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News: CLT Cellnet Group Says Received Confirmation From Optus To Terminate Master Supply Agreement

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    15/09/21
    11:20
    Post #: 56077280

    Sept 15 (Reuters) - Cellnet Group Ltd (CLT) :

    • HAS NOW RECEIVED WRITTEN CONFIRMATION FROM OPTUS CONFIRMING MASTER SUPPLY AGREEMENT IS TO BE TERMINATED
    • MASTER SUPPLY AGREEMENT WITH OPTUS IS SCHEDULED TO END ON 8 DECEMBER
    • SEES RELEASE OF CASH, IMPROVED WORKING CAPITAL UTILISATION, REDUCTION OF INVENTORY COSTS FROM RELEASE OF A$2.5M IN CONSIGNMENT INVENTORY
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