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Reunert Limited - Vodacom and Reunert sign far-reaching agreement
Reunert Limited
(Incorporated in the Republic of South Africa)
(Registration number 1913/004355/06)
ISIN: ZAE000057428
Share Code: RLO
VODACOM AND REUNERT SIGN FAR-REACHING AGREEMENT
Vodacom and Reunert today confirmed that a long-term and far-reaching agreement
has been signed whereby Reunert"s wholly-owned subsidiary, Nashua Mobile, will
be a preferred Independent Service Provider to the Vodacom network for at least
the next five years - with an option of a further 5 years - at "highly
satisfactory" terms for both parties.
The signing of this agreement follows the recent announcement by Vodacom and
Altech of a similar agreement with Autopage cellular, a move which clearly
signals Vodacom"s intended strategy with regards to Independent Service
Provision on its network.
The conclusion of the agreement ends months of market speculation concerning the
strategy of Vodacom going forward and, in particular, its commitment to on-going
relationships with Independent Service Providers.
Alan Knott-Craig, Vodacom CEO, is very satisfied with the conclusion of this
deal as it has real long term benefits for both parties. "This agreement sees
the extension of a very successful partnership between two influential forces in
South Africa"s cellular industry." Even though the exact financial details of
the agreement remain confidential, both Vodacom and Reunert look forward to a
long term mutually beneficial working relationship. The renewal of the agreement
clearly illustrates Vodacom"s support of Nashua Mobile as a channel distribution
partner.
Knott-Craig said that Vodacom is assured of Nashua Mobile"s commitment to
continuously contributing to Vodacom"s success. "The agreement duration has
been set for a minimum of five years, with an additional five year option. This
underlines Vodacom"s satisfaction in terms of excellent service delivery, best
business practices, and Nashua Mobile"s exceptional performance as a partner."
"We are proud to be associated with Vodacom and of the contribution that Nashua
Mobile has made over more than a decade to the success of Vodacom," said Reunert
Chief Executive, Gerrit Pretorius. "For us, this agreement recognises the
important role that Nashua Mobile has played in strengthening Vodacom"s presence
in the market and we are committed to making an even bigger contribution than
that accomplished to date. Nashua Mobile"s clientele will continue receiving
excellent service."
ENDS
Vodacom, a Pan African cellular communications group, is South Africa"s market
leader in the provision of cellular services and provides a world-class GSM
service to millions of customers throughout South Africa, Tanzania, Lesotho,
Mozambique, and the Democratic Republic of the Congo.
Reunert is listed on the JSE Limited and provides electrical engineering and
electronic services to a diverse customer base. Nashua Mobile is one of the
powerful brand names in its stable. It has some 400 000 contract subscribers,
most at the top-end of the market.
ENDS
Issued by : Christa Botha
Magna Carta
011-784-2598
On behalf of : Dot Field
Group Executive - Corporate Communications
Vodacom Group (Pty) Ltd.
011-653-5440
Sandton
20 October 2005
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 20/10/2005 05:34:06 PM Produced by the JSE SENS Department
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