PriceSensitive

5G Networks (ASX:5GN) launches new wholesale offering

Communication Services
ASX:5GN      MCAP $52.26M
13 May 2021 13:10 (AEST)
5G Networks (5NG) - CEO, Joe Demase

Source: CRN

5G Networks (5GN) has launched a wholesale offering to bolster its service capability to managed service providers across Australia.

5G Networks is a telecommunications carrier operating across Australia, offering a digital experience for its customers across data connectivity, cloud and data centre services.

The launch of the company’s partner sales channel, 5GN Wholesale, will boost 5GN’s suite of wholesale services, including a data centre and connectivity services, IP transit and cloud services.

5GN Wholesale will offer access to the company’s five owned and operated data centres across Australia. It will also deliver high speed data connectivity to international locations in Japan, Singapore, New Zealand and North America up to 100 gigabytes.

The company expects the new offering to increase revenue by $10 million per annum.

The offering has initially launched to its Melbourne base, with Brisbane and Sydney to follow in the coming weeks.

The announcement follows a series of strategic development and investment initiatives made by 5GN, including the acquisition of hosting service provider Intergrid, and the integration of ColoAu into the 5GN systems and infrastructure footprint.

5GN has also developed a 5GN Wholesale website and service ordering portal, offering customers speed and flexibility in its service delivery.

Company shares are up 3.57 per cent, trading at $1.02 at 12:48 pm AEST.

Related News