May 23 (Reuters) - United Networks Ltd UNL.AX :
* UNL TERMINATION OF EXCLUSIVE CONTRACT WITH COVERMORE
* EXPECT TERMINATION OF AGREEMENT TO HAVE AN EFFECT ON REVENUE OF GLOBAL SIM BUSINESS FROM SEPTEMBER 2018
* FROM SEPTEMBER 2018 ONWARDS BASED ON CURRENT FORECASTS GROSS REVENUE WILL BE ABOUT $50,000 LOWER PER MONTH
* TERMINATION DOES NOT IMPACT ABILITY TO DELIVER ON SHORT TERM TARGET OF BEING CASH POSITIVE