5G Networks Ltd
5G Networks launches unsolicited on-market takeover bid for AUCyber
AUCyber (ASX: CYB) has told shareholders to take no action after the company received an unsolicited and unconditional on-market takeover bid from 5G Networks (ASX: 5GN). While noting it is still in the early stages of evaluating the offer, the board pointed out that the offer represents a modest 0.9% premium to the most recent […]
5GN makes $21.6m takeover bid for Webcentral, expects to generate $7m in shared synergies
Telecommunications carrier 5G Networks (ASX: 5GN) has made a $21.6 million off-market takeover bid for Australian digital services provider Webcentral Group (ASX: WCG). 5GN proposes to acquire all of the shares in Webcentral (which rebranded from Arq Group in June), at an implied price of $0.177 per share, to generate synergies across both businesses of […]
COVID-19 and cyber security concerns spur the data centre sector
Flush with newly-raised cash, the listed data centre (DC) operators are on an expansionary push as the pandemic elevates corporate and government requirements for more data storage and better connectivity. Investor interest has long centred on sector big daddy NextDC (ASX: NXT), which is trading near record high levels despite (or because of) a monster […]
5G Networks extends infrastructure after acquiring North Sydney data centre
Telecommunications carrier 5G Networks (ASX: 5GN) has acquired a data centre in North Sydney for $2 million thereby extending its infrastructure capacity to over 720 racks, spread across Adelaide, Melbourne and Sydney. 5G Networks announced the deal will be executed in an all-cash acquisition, funded from existing cash flow and has estimated that its value […]