Latest Network Expansion News

Megaport Limited has successfully completed a A$200 million institutional placement to fund its acquisition of Latitude.sh and accelerate network growth in India, signaling a strategic push into hybrid cloud and AI-driven infrastructure.

Megaport Limited has announced a fully underwritten A$200 million equity raising to fund its acquisition of Latitude.sh, a global Compute-as-a-Service platform, alongside a strategic investment to accelerate network expansion in India. The acquisition is expected to significantly enhance Megaport’s revenue and EBITDA on a pro forma basis for FY25.

Megaport Limited has launched a A$200 million equity raising to fund the acquisition of Latitude.sh, a high-growth Compute-as-a-Service platform, and accelerate its network expansion in India. This strategic move aims to unify network and compute services, enhancing Megaport’s position in the hybrid cloud and AI markets.

Pentanet reports steady Q1FY26 growth with positive EBITDA, rising 5G subscribers, and a strategic brand relaunch aimed at accelerating market presence.

Woolworths Group reported a 2.7% increase in first quarter sales to $18.5 billion, driven by robust growth in eCommerce and improved customer satisfaction metrics. The retailer remains cautiously optimistic as it prepares for the key festive trading period.

Motio Limited has raised $1.73 million through a placement to accelerate its digital display network expansion and repay debt early, aiming to reach profitability sooner.

Peppermint Innovation has secured major partnerships with ECPay and BTI Payments, vastly expanding its physical cash-in and bill payment network across the Philippines and enhancing accessibility for millions of cooperative members.

Supply Network Limited reported robust FY2025 results with double-digit revenue growth, expanded capacity across Australia and New Zealand, and announced a new auditor appointment at its AGM.

Supply Network Limited reported strong FY2025 financial results with robust revenue and profit growth, alongside strategic network expansions and IT upgrades. The company is on track to meet its $50 million revenue growth target for FY2026, supported by a new three-year business plan.

Sigma Healthcare’s 2025 AGM reveals a robust year of transformation post-merger with Chemist Warehouse, highlighted by upgraded synergy targets and impressive financial gains.

Findi Limited has arranged a new A$30 million debt facility and agreed to acquire Sphere, enhancing its digital payments ecosystem ahead of a planned FY27 Indian IPO. Despite short-term challenges, the company projects strong revenue growth and operational momentum in FY26.

Australian Finance Group Ltd (AFG) reported a robust 21% increase in net profit for FY25, driven by strategic broker network expansion and technology investments, while setting ambitious growth goals through FY29.