Vita Group Ltd Agreed on changes to Telstra commercial terms
Agreed on changes to Telstra commercial terms: Vita Group Ltd (ASX: VTG) has agreed the changes to its commercial terms with strategic partner, Telstra. As per the agreed new terms, the remuneration structure would change and there will also be additions to the group’s network of Telstra-branded stores. Overall from the changes, VTG expects to see volume improvement offset by some margin compression. On the other hand, there is a price query from the ASX compliance regarding the recent trading of the security. The group intends to have its half year results briefing on February 28, 2017.
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