ARN

People Telecom sign $200 million supply agreement with Telstra

Three year agreement

People Telecom has signed a new $200 million supply agreement with Telstra Wholesale to support continuing growth in national fixed wire and broadband services.

The three year agreement was signed by People Telecom CEO, John Stanton and Telstra wholesale group managing director, Kate McKenzie.

Stanton said it follows an exhaustive competitive selection process with Australia's largest wholesale suppliers over the preceding six months.

"This agreement, combined with reduced operating costs and improved internal efficiencies we now have in place will drive improved margins in People Telecom's core services during the second half of 2007-08 and beyond," he said.

"These new arrangements with Telstra wholesale reflect the strength of our long-standing relationship and offer substantial bottom-line benefits to People Telecom and the opportunity to drive additional profitable growth in the provision of retail and wholesale telecommunications services across Australia.

"The new agreement provides additional flexibility, an improved cost-base and the ability to maintain operating margins over time.

"As such we expect the new arrangements, combined with People Telecom's internal transformation, to deliver value to our shareholders," Stanton said.

The agreement covers the provision of a wide range of fixed wire and broadband products and positions People Telecom to deliver a wider range of Telstra wholesale products during the life of the agreement.

Telstra's Kate McKenzie, said the telco's solutions and technical support are unmatched and Telstra is proud to be able to add value to People Telecom's business model.

- Sandra Rossi

Come socialise with us! Facebook | LinkedIn

More about: People Telecom, Provision, ProVision, Telstra

Comments

Post new comment

The content of this field is kept private and will not be shown publicly.
Users posting comments agree to the ARN comments policy.
Login or register to link comments to your user profile, or you may also post a comment without being logged in.
Related Whitepapers
Latest Stories
Community Comments
ARN Directory | Distributors relevant to this article
Express Data , ICT Distribution , The IPL Group , VExpress Distribution
rhs_login_lockGet exclusive access to ARN's news, research and invitation only events.
ARN Distributor Directory
Find distributors by name | vendor | location
Channel Deals
/deals/avg/2009-09-18_71_become-an-avg-reseller
AVG (AU/NZ) Pty Ltd

Become an AVG Reseller and Make Serious Money!

More details »
ARN Vendor Directory
Find vendors by name | category

iAsset is a channel management ecosystem that automates all major aspects of the entire sales,marketing and service process, including data tracking, integrated learning, knowledge management and product lifecycle management.