Pentanet Ltd (AU:5GG) has released an update.
Pentanet Ltd has reported a net decrease in cash from operating activities, amounting to $734,000 for the current quarter and $634,000 year to date, while cash flows from investing activities also saw a decrease, primarily due to a significant payment for 5G Spectrum licensing. However, the company experienced a net increase in cash and equivalents overall, totaling $9,503,000 for the period, bolstered by proceeds from equity issues and borrowings under its financing activities.
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