15th Sep 2014 09:06
LONDON (Alliance News) - Pinnacle Technology Group PLC said Monday it had entered into a non-exclusive relationship with Easynet Ltd to transform and enhance part of its legacy network estate in an effort to cut costs.
The deal will "significantly" improve Pinnacle's access network cost base, it said, with benefits materialising in the second half of the 2014/15 financial year.
Although the arrangement is primarily to cut costs, the company said there would be "additional up-sell opportunities available in certain geographies as a result of the arrangement".
No financial details were disclosed.
Shares in Pinnacle Tech were trading up 3.2% at 8.00 pence Monday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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