Australian-listed telco and Internet service provider Spirit Telecom is undertaking a $23.2 million capital raising to assist in the acquisition of three IT and telco companies that it says will increase recurring revenues by 60%.
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.
Australian-listed Internet service provider Spirit Telecom’s fourth quarter 2020 revenue grew 133% year on year to $11.9 million, up from $5.1 million in the same quarter in 2019.
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.