Sharechat Logo

Baycorp pips RMG for Telstra

Friday 19th July 2002

Text too small?
Receivables management group RMG has lost part of its business collecting debts for Australia's Telstra to Baycorp Advantage.

Baycorp announced this week it had been appointed one of two "primary panel" members on a three-year commission-based contract.

RMG said it has signed a new three-year contract with Telstra.

"While the contract has been renewed RMG is not on the primary panel," the company said.

"The terms of the arrangement, which are subject to a confidentiality agreement, will result in a reduction of the level of work in the medium term."

Baycorp said its contract reflected its experience in handling high volumes of debt. Its share price climbed on the news.

RMG said the reduction in Telstra business would not be material to its business in the 2003 year.

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

NWF - IMPLEMENTATION OF SCHEME OF ARRANGEMENT
EROAD Publishes FY25 Group Climate Statement
Synlait provides performance update
Air New Zealand Chief Executive Officer Appointment
July 30th Morning Report
IKE 1Q FY26 Performance Update
July 29th Morning Report
General Capital Annual Shareholders Meeting Results
MEE - Receivers and Liquidators appointed to King Honey
2 Cheap Cars Group Updates Performance Outlook for FY26