Company News
HT&E has been awarded an extension to its Sydney trains contract. The contract with HT&E’s Adshel division that was due to expire at the end of 2018, has been extended for multiple years. It includes advertising space across concourse and platforms, with 186 digital screens.
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TZ Limited has been awarded a purchase agreement with a global technology company for the provision of TZ locker hardware, software and maintenance services. The agreement has an indefinite term with provision for annual price increases. The company is already a major customer of TZ, and the contract is a positive affirmation of the strong technology solution that TZ offers.
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Threat Protect has announced a substantial acquisition – South Australian based Security Alarm Monitoring Service. It has 22,115 connections, 218 resellers and its own monitoring call control room. The acquisition cost $8m and is expected to contribute $5.0m of revenue annually. This acquisition will provide a meaningful increase in scale, and is expected to contribute to significant earnings' growth in coming years.
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Survey 1 for 2018 for Australian radio was released this week. Southern Cross Media owns the Triple M and HIT networks. HT&E owns the KIIS network. It was a good result for both companies – with overall rating improvement for all three networks, as shown below. The HIT network increased share in the key Sydney market (which is good as this has been a focus for Southern Cross), although KIIS and Triple M lost share.
Source: radioinfo (http://www.radioinfo.com.au) 13-Mar-18.