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An update from Pentanet Ltd ( (AU:5GG) ) is now available.
Pentanet Limited has secured a $2 million equipment finance facility with Moneytech Finance Pty Ltd to support its ongoing capital investment program, specifically the final payment for its 5G spectrum license. This financial arrangement, alongside existing unused financing facilities and positive EBITDA, positions Pentanet to continue its growth across its business segments, enhancing its competitive edge in the telecommunications industry.
More about Pentanet Ltd
Pentanet is a Perth-based telecommunications company focused on delivering high-speed internet through its market-leading private wireless network, the largest in Perth. The company also resells fixed-line services such as nbn® and Opticomm, and is involved in cloud gaming through a partnership with NVIDIA, bringing GeForce NOW technology to Australia.
Average Trading Volume: 428,469
Technical Sentiment Signal: Sell
Current Market Cap: A$13.43M
For an in-depth examination of 5GG stock, go to TipRanks’ Overview page.