5GN’s one-stop, ultraspeed digital solution for critical infrastructure
Now more than ever society relies on ultra fast, reliable and secure digital experiences. 5G Networks (ASX: 5GN) is an Australian telecom that powers every aspect of critical digital infrastructure across the nation.
Now more than ever society relies on ultra fast, reliable and secure digital experiences. 5G Networks (ASX: 5GN) is an Australian telecom that powers every aspect of critical digital infrastructure across the nation.
Since 2017, 5GN’s strategic acquisitions, product and service optimizations and network expansions have performed well and turn a healthy profit. In FY2020, 5GN’s EBITDA has risen by 236% and the company’s profit margins have grown 9.5%.
In April 2020, 5GN successfully launched its own cloud suite known as Cloud Federation.
This suite provides seamless private, public and hybrid cloud solutions including to major cloud providers like Google and Amazon.
In 2020, the company also:
- Signed a deal with Servers Australia for an indirect sales channel.
- Onboarded its first customer signed to Sydney fibre network.
- Invested in cloud network infrastructure in Sydney and Melbourne.
- Acquired two data centres in Sydney.
Moving into FY2021, 5GN has a 3-part growth and optimisation strategy to meet aggressive growth and revenue targets:
- Digital infrastructure acquisitions including networks, data centres, cloud and managed services.
- Geographical expansion.
- Cross and upselling to its already strong customer base.
Watch the investor briefing to hear more about 5GN from Managing Director, Joe Demase.
Join the next ‘Meet The CEOs’ webcast – Click here to book your spot.
Recorded on 24 June 2020 at 12pm.
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