RTX Telecom signs an ODM supply contract with Australian subscription television provider FOXTEL
Noerresundby, Denmark, 30 September 2003 -- RTX Telecom has signed an agreement with Australian subscription television provider FOXTEL (
http://www.foxtel.com.au) for the development, production and supply of a wireless telephone line extenders. The wireless telephone line extenders (TLEs) will simplify the installation of PSTN return paths that enable digital interactivity such as “Pay-Per-View” and promote the use of additional interactive services available to users of digital satellite and cable services.
The agreement is worth a double figure million sum in Danish crowns and is based on an ODM supply agreement that will run for several years. Under the agreement, RTX Telecom has been made responsible for development and production, while FOXTEL will itself manage sales, distribution and after sales services. RTX Telecom’s production responsibilities will be outsourced to subcontractors.
The product uses RTX Telecom’s DECT technology in a special configuration, which enables the transmission of modem signals at speeds of up to 56 kbps.
In a slightly modified version the product will be offered to other subscription television providers who might have similar needs.
RTX Telecom’s management has previously announced that the company has identified attractive opportunities in the ODM area that will complement and form a natural extension to the Group’s present development assignments.
The agreement is expected to have a positive impact on RTX Telecom’s net turnover and earnings for the 2003/04 and 2004/05 financial years. The management will present its forecast for the 2003/04 financial year in conjunction with the publication of RTX Telecom’s annual report in December 2003.
The contract has not resulted in the need for an adjustment of previously announced forecasts for the 2002/03 financial year, which ends now at the end of September 2003.
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