BRIEF-Beam Communications Launched A Cost-Out Program Expected To Achieve A$2.5 Mln In Annualised Savings

Reuters

2024/10/30

Oct 30 (Reuters) - Beam Communications Holdings Ltd

* LAUNCHED A COST-OUT PROGRAM EXPECTED TO ACHIEVE A$2.5 MILLION IN ANNUALISED SAVINGS

* ARBITRATION DECISION REQUIRES BEAM TO SELL ITS 50% STAKE IN ZOLEO INC

* CO TO WITHDRAW PREVIOUS FY25 GUIDANCE

* WILL PAY A$2.6MILLION (INCLUDING HST) IN LEGAL COSTS TO ROADPOST

Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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