SYDNEY, AUSTRALIA: Ava Risk Group Limited (ASX: AVA) has announced a Telstra Supply Agreement (TSA) with Telstra Group, one of the largest telecommunications companies in the world. The TSA is the result of 10 months of collaboration and product trials, which showed the versatility and performance of Ava Risk Group’s fibre sensing technology. The technology…
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Ava Risk Group closes divestment of Ava Global to TTG Bidco
SYDNEY, AUSTRALIA: Ava Risk Group Limited has completed the sale of its non-core Services Division, Ava Global DMCC-LLC to TTG Bidco Limited, an entity backed by funds advised by Phoenix Equity Partners Limited. Sale price includes US$46.4 million (A$62.6 million) with anticipated net cash proceeds of US$31.1 million (A$41.9 million) after closing adjustments, and payment…