Australian-listed software technology company MGM Wireless has recorded total revenue growth of 47% to $10.5 million for 2020, despite experiencing a decrease in March - and then a rebound - in sales of its SPACETALK all in one children’s smartphone, watch and GPS device, due to the COVID-19 pandemic.
Australian-listed Internet service provider Spirit Telecom is trumpeting record growth of the business for 2020, with revenue increasing 100% to $34.9 million and an after tax net loss of $1.5 million in what the company describes as a “transformative” year.
Telstra has suffered a 14% drop in profits with the telco putting the decline down to pressure put on it by the the coronavirus pandemic and the national bushfire crisis.
This is an unbearably good headline :-)
Great Stuff Sam - I wish this could go out to a larger audience.
5G will save us, and the NBN will have to be redone anyway.
As always, a great article Sam.
I will never forgive him.