£1.6M/Yr Saving!2 May 2019 19:54
Just read this..
‘The Board believe this Transaction will be mutually beneficial to both 7digital and TDC. The Transaction passes control of the Company's bespoke technology, and the resources to maintain it, to TDC. This technology was used by only one customer and had become unprofitable for the Company to maintain. The annual losses to be eliminated from the business total around £1.6m at the current run rate and the net value of the assets being sold was approximately £0.9m as at December 2018. ’