Watch the Video - Comms Group CEO Mr. Peter McGrath Featured on AUSBIZ

Key points:

• Comms Group secures $2.4M Vodafone contract for internet voice services.
• Emphasis on high-quality organic growth and over 90% recurring revenue.
• Strategic focus on Asia-Pacific expansion and potential acquisitions.
• Peter McGrath from Comms Group (ASX: CCG) states that the company has secured a $2.4 million contract with Vodafone to provide internet voice services for an unnamed global software company. The three-year deal spans around 7,000 users across ten countries, mostly in the Asia-Pacific and Europe.
• Peter highlights that this is part of Comms Group’s growth strategy, with an emphasis on achieving high-quality organic growth. Over 90% of the company’s reported revenue is recurring, which is crucial for investor confidence. The company has also announced its inaugural fully franked dividend.
• Strategic growth remains a focus, including both organic expansion and potential acquisitions. Comms Group sees significant opportunities in the Asia-Pacific region and has recently obtained a licence in the Philippines, positioning itself for further growth.