When managements recognise that they need to change the business model of their company this cannot always be done in a short period of time. Sometimes there can be a couple of years of stagnation or lower profits.
Covid-19 has masked and delayed some of the improvement in this managed technology services business, but the work done behind the scenes provides a good base from which to return to the previous strategy of participating in the consolidation in the sector.
New borrowing facili...
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