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How Will Nexion Group Thrive After Selling Its Networks Business for $4.1M?
7:01am on Saturday 1st of November, 2025 AEDT
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Technology
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How Will Nexion Group Thrive After Selling Its Networks Business for $4.1M?
7:01am on Saturday 1st of November, 2025 AEDT
Key Points
Sale of networks business to Pier DC for $4.1 million completed
Focus shifts to data centre operations and FuseAI predictive analytics software
Recurring revenue post-sale includes vendor finance repayments and maintenance contracts totaling $42,567 monthly
Convertible notes of $1.75 million remain outstanding, maturing in May 2026 with 10% interest
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Nexion Group (ASX:NNG)
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