Vita Group has extended its deal to run Telstra-branded stores by another year.
The extension announced on Wednesday gives ASX-listed Vita Group rights to operate the retail sites through June 30, 2024.
‘This extension demonstrates confidence in the long-standing partnership between Vita and Telstra, as well as Vita’s ability to consistently execute strongly in market,’ Vita Group said.
Vita Group runs 105 Telestra-branded stores and 23 Telstra business centres, according to its latest annual report.
At 1119 AEDT, Vita Group shares were up 1.87 per cent at $1.09.
Telstra shares were down 1.14 per cent, at $3.03.