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CPP contract with T-Mobile ends
10:09am Saturday 13th October 2012 in Business news
YORK-BASED CPP Group has confirmed it will not be renewing its contract with T-Mobile for the provision of mobile phone insurance.
The group said that, as previously announced, this would result in reduced revenue this year and beyond, but would not immediately impact on operating profit and cash flows for this year or next.
Chief executive officer Paul Stobart said: “CPP has enjoyed a strong working relationship with T-Mobile and while it is disappointing that this relationship has come to a close, the longer-term prospects for the group in the mobile sector continue to be promising.”