5GN
Director Trades
| Date | Director | Value |
|---|---|---|
| H. Robertson | $40,768 | |
| Joe Demase | $1,400,000 |
Company News
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 […]
Strong investment portfolio underpins healthy profit for WAM Microcap
Listed investment company WAM Microcap (ASX: WMI) has posted a $27.3 million operating profit before tax for the first half of the 2020 financial year, citing strong investment portfolio performance and growth in assets over the period. The profit increase represents a 311.9% jump on the previous corresponding period, and accompanies an operating profit after […]
5G Networks posts record quarterly cashflow, signs first indirect channel agreement
Next generation telecommunications company 5G Networks (ASX: 5GN) has posted a record $2 million operating cashflow for the December 2019 quarter and boosted its year-to-date cashflow by 58% to $3.3 million. The growth was achieved primarily through the migration of existing customers to high-margin annuity services and synergy implementation, and resulted in the distribution of […]
5G Networks expands capacity via acquisition of data centre in Sydney
Next-gen telecoms company 5G Networks (ASX: 5GN) unveiled an operational boost early this morning by acquiring Sydney-based Australian Pacific Data Centres (APDC) for $3.5 million in cash. The deal supplements April’s acquisition of a data centre in Melbourne, indicating an incremental service-expansive strategy being enacted by the company. According to 5G Networks managing director Joe […]
5G Networks activates high-speed data network to meet customer needs
Telecommunications carrier 5G Networks (ASX:5GN) will continue to boost expanding revenue flows following the launch of its high-speed managed data network (MPLS) to the Australian market. The launch of the nationwide network across Australian capital cities has been a key component of the company’s strategy since its ASX listing in 2017. MPLS will enable 5G […]
5G Networks increases infrastructure footprint with acquisition of Melbourne Data Centre
Australian telecommunications carrier 5G Networks (ASX: 5GN) will add $3 million of annualised revenue to its books through the $5.7 million acquisition of Melbourne Data Centre (MDC) announced this morning. The investment will enable a strategic expansion of 5GN’s infrastructure footprint and strengthen its current product portfolio by enabling seamless access to the 5GN cloud […]
New acquisitions, existing contracts underpin strong quarterly performance for 5G Networks
Australian telecommunications company 5G Networks (ASX: 5GN) has reported a quarterly revenue of $11 million, buoyed by the $5.7m acquisition in August of Inabox Group (ASX: IAB) subsidiaries Anittel and Hostworks. The company won a number of national deals during the quarter which delivered over $5m in new revenue. It also re-signed key customers whose […]
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