amaysim and Optus revise agreement

Company News

by Katrina Bullock

Mobile and energy services company, amaysim Australia (ASX:AYS), has agreed to a revitalised wholesale network services agreement with Optus.

Amaysim's Managing Director and CEO, Peter O’Connell, says “amaysim and Optus have had a highly successful and mutually beneficial partnership since 2010. We both recognised the need to revitalise the NSA to better align with the growth ambitions of each company.”

The revised NSA will run until 30 June 2022, with an option for amaysim to extend an additional 5 years.

Under the revised agreement, amaysim will change the way it acquires data inclusions and network services from Optus to enable rapid product deployment, the development of innovative new features and services and a greater level of flexibility and competitiveness.

Shares in amaysim Australia (ASX:AYS) closed 1.47 per cent higher at 69 cents yesterday.
 

Katrina Bullock

Finance News Network
Katrina is a respected TV journalist, as well as a renowned presenter and award winning lawyer. She holds a Bachelor of Laws (Honours 1st class, division 1), a Bachelor of Business (with Distinction) and is currently undertaking a PhD in Law focused on stock exchange disclosures and corporate governance. She began her career as a corporate lawyer in an Australian top tier commercial law firm and is currently the General Counsel of Greenpeace Australia Pacific. In 2020 Katrina was named one of the 30 best lawyers in Australia under 30 by Lawyer's Weekly.