Latest Mobile Services News

Tuas Limited has reported a robust turnaround in FY25 with positive net profit and strong subscriber growth, alongside completing the strategic acquisition of M1 Limited. The company sets sights on further expansion amid regulatory review.

Sprintex Limited has secured a significant A$16.6 million order to supply integrated control systems for Mest Water’s innovative manure processing units, marking a major step in sustainable agriculture technology in the Netherlands.

JAYRIDE Group Limited has confirmed Randy Prado as CEO and Ram Navaratnam as Finance Director, cementing leadership as it advances its SaaS mobility platform with pilots in Southeast Asia.

Ovanti Limited’s FY2025 results reveal a modest revenue dip but a sharp 61% rise in net loss, driven by a significant impairment charge. The company’s capital base strengthened despite ongoing losses, with no dividends declared.

Gratifii Limited has reported a robust FY25 with revenue and transaction values more than doubling, driven by key acquisitions and new product launches. The company is poised for further growth in FY26 with platform upgrades and expanding client partnerships.

Swoop Holdings delivered a robust FY25 with 20% revenue growth, positive free cash flow, and secured major long-term fibre network contracts, positioning itself as a rising challenger in Australia's telecom sector.

TPG Telecom reported a 2% revenue increase and a significant profit rise in H1 2025, completing the sale of its fibre assets and declaring a 9-cent interim dividend.

Turners Automotive Group has reported a record FY25 financial performance, with net profit after tax rising 17% to $38.6 million and dividends increasing 14% to 29.0 cents per share, underscoring resilience amid a challenging New Zealand economy.

Spark New Zealand reported FY25 results within updated guidance, unveiling a strategic sale of a majority stake in its data centre business and a renewed five-year focus on core connectivity. The company’s transformation and capital management reset aim to stabilize performance and deliver sustainable shareholder returns.

Tuas Limited, through its subsidiary Simba Telecom, has announced a transformative acquisition of M1 Limited’s non-ICT businesses for S$1.43 billion, accompanied by a substantial equity raising and debt financing plan.

CL8 Holdings has completed the sale of its Carly Car Subscription business to Carbar Holdings, retaining a stake in the merged entity and signaling a strategic pivot towards new growth opportunities.

TPG Telecom has finalised the sale of its fibre network and fixed business to Vocus Group for $5.25 billion, setting the stage for a significant capital management overhaul.