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pieNETWORKS, Telstra extend negotiation deadline

pieNETWORKS, Telstra extend negotiation deadline

Internet kiosk operator pieNETWORKS (ASX:PIE) has revealed it has extended its exclusive negotiation period with Telstra (ASX:TLS) over a business deal.

The parties are in talks over the potential deployment of pieNETWORKS’ Hotspot Webphone product into the Australian market for assessment purposes.

But the deadline for the talks has now been extended until June 4th.

No details were given for the delay in proceedings. PIE shares have today declined 6.9% to $0.027.

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Tags TelstraTelecommunicationspieNetworksbusiness dealsdelay

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