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People Telecom Signs A$200m Supply Contract Posted on: 05/03/2008 People Telecom Limited has signed a new A$200 million supply agreement with Telstra Corporation Limited's (TLS) wholesale business. The agreement covers the provision of a wide range of fixed wire and broadband products allowing People Telecom to deliver a wider range of Telstra wholesale products. The 3-year agreement follows an exhaustive competitive selection process with Australia's largest wholesale suppliers over the preceding six months. People Telecom CEO John Stanton said the agreement, combined with reduced operating costs and improved internal efficiencies now in place will drive improved margins in core services during the second half of 2007-08 and beyond. He went on to say the agreement provides additional flexibility, an improved cost-base and the ability to maintain operating margins over time.News story posted by: BroadGroup
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