Publicly listed business cloud communications provider Comms Group has embarked on a business restructuring to save $2 million in operating costs.
Taking place through the final quarter of FY23, the restructuring will include a review of resourcing within the domestic retail businesses.
Once executed, Comms Group expects to make an underlying annualised EBITDA of roughly $7 million which includes corporate overhead costs of around $2 million.
Other cost-saving measures include synergies with the onPlatinum ICT business, which Comms Group acquired last year for $18 million.
This will include focusing on network and cost of goods sold synergies to save $300,000 in FY24.
The company has also restructured its office, recently re-l…
Read the full article at: https://www.arnnet.com.au/article/706534/comms-group-eyes-2m-savings-restructure/