24th Mar 2016 08:32
LONDON (Alliance News) - Digital audio content provider Immedia Group PLC on Thursday said it has renewed a contract with telecommunications giant BT Group PLC and also said trading has met its expectations.
Immedia said BT has renewed a 12-month contract with Immedia to provide an 24/7, interactive digital radio channel to 33,000 workers in BT's Openreach network infrastructure division.
No financial details were disclosed on the contract extension.
Immedia also said it expects operating profit to reach a break-even level for 2015, in line with its expectations, while trading in 2016 has started well.
Immedia will publish its 2015 results on April 21.
Shares in Immedia were up 6.7% to 16.00 pence Thursday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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