Beam Communications Holdings Ltd (ASX: BCC) has secured a contract to supply Iridium airtime to Mobile Tracking and Data Pty Ltd (MTData), a wholly owned subsidiary of Telstra Corporation Limited.
Commencing on 27 of October 2022, the contract value in the initial two years (minimum contracted period) is more than AU$1.2 million, and unless otherwise ended, the contract rolls over yearly after that minimum term has expired.
Beam Communications believes that this contract will boost the company’s revenue and profits over the next two years
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
