FirstWave Cloud Technology (ASX: $FCT) provides an update on the shifts in Telstra's strategic focus and their impact on FirstWave. The update includes changes in customer contracts, decommissioning of non-core business offerings, and discussions regarding affected customers and revenue streams.
FirstWave sees the shifts in Telstra's strategic focus as complementary to its core strategies of expanding its international footprint and securing extensions to current customer contracts under the Telstra Product and Services Agreement. The company looks forward to releasing further updates on the ISM platform and the LATAM/USA markets.
FirstWave Cloud Technology (ASX: $FCT) has provided an update on the shifts in Telstra's strategic focus, highlighting the impact on its business and revenue streams. The company acknowledges the decommissioning of non-core business offerings and the potential increase in revenues from affected customers. Management expresses optimism about the complementary nature of these shifts to its core strategies and looks forward to further updates on the ISM platform and the LATAM/USA markets.