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Pentanet (ASX:5GG) to further GeForce NOW alliance agreement with NVIDIA

ASX News, Telecommunication
ASX:5GG      MCAP $20.35M
16 November 2022 15:42 (AEST)

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Perth-based telco Pentanet (5GG) has confirmed discussions with NVIDIA to further the GeForce NOW alliance agreement and exclusivity in Australia are nearly complete.

This will allow the introduction of next-gen RTX 3080 hardware and higher tier plans in Australia from 2023.

Additionally, New Zealand will now be formally recognised as a Pentanet serviceable territory opening up a pathway to additional neighbouring territories.

The RTX 3080 are a family of computer graphics cards that promises to deliver the “ultra performance that gamers crave” using NVIDIA’s second generation RTX architecture.

The company also confirmed its continued investment in the next-generation cloud gaming infrastructure by purchasing the RTX 3080 SuperPODs funded by its five-year Westpac loan facilities.

“NVIDIA chose Pentanet to bring GeForce NOW to Australia due to the company’s passion for gaming and delivering a high-quality cloud gaming experience,” Managing Director Stephen Cornish said.

“When we first launched GeForce NOW Powered by Pentanet in Australia, we were setting out to prove that a high bandwidth, latency-sensitive application could run on Australia’s internet,” Mr Cornish said.

“With hundreds of thousands of members and a steady growth rate each month, we’ve demonstrated that not only is cloud gaming achievable, but there’s a growing appetite
for it into the future.”

Set to launch in 2023, the RTX 3080 membership gives users access to a dedicated 3080 GPU in the cloud.

This will provide a significant performance boost over the existing GeForce NOW subscription tier and further access to more of the cloud gaming market.

Shares in Pentanet were up 8.77 per cent, trading at 31 cents as of 3:40 pm AEDT.

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