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Why Is Nexion Selling $4.1M Telecom Units to Bet on AI?
3:03am on Saturday 30th of August, 2025 AEST
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Technology
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Why Is Nexion Selling $4.1M Telecom Units to Bet on AI?
3:03am on Saturday 30th of August, 2025 AEST
Key Points
Sale of Nexion Networks and Blue Sky Telecom for $4.1 million
Cancellation of $1.66 million in convertible notes to reduce debt
Transaction includes assumption of $1.6 million in liabilities by buyer
Focus shifts to AI and business intelligence via Fuse Forward subsidiary
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Nexion Group (ASX:NNG)
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