Cellcast plc announced that the Company has entered into a new agreement with one of its core suppliers. Following a review of operations, and in conjunction with the Supplier, the company has renegotiated the terms of the contract with this supplier, covering the provision of multiplexing, distribution and transmission services to the company. The new agreement, which replaces with immediate effect the previous agreement in place with the Supplier, is expected to lead to a substantial and material reduction in the annual costs payable by Cellcast in respect of the services provided to the company under the agreement. The agreement is for an initial 3-year term, with a one-year break clause.