VTG 0.00% 8.1¢ vita group limited

tls to pay approx $25 million, page-7

  1. 2,914 Posts.
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    Salesmen wont be paid bigger commissions.
    Basically Telstra will be paying "Trails up front"
    Its meant to be a revenue neutral.
    In theory Telstra can Claw back the trails up front if you close your store, and remove your point of presence.
    A fair swag of the $25m

    Make no mistake Vita Group needed to change or they were in deep financial trouble.

    To their credit they have.

    Many of their Fone Zone outlets are still unprofitable, and I expect them to close more stores, and swap some for T-Life.

    They will move away from the Fone Zone Brand and move towards T-Life which is far more profitable.

 
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