Latest Network Services News

Activeport Group has signed nine new channel partners for its Global Edge platform, boosting its recurring revenue potential and challenging legacy players in Australia’s enterprise networking market.

Megaport Limited has launched a Share Purchase Plan (SPP) targeting up to A$20 million, following a successful A$200 million institutional placement. Eligible shareholders in Australia and New Zealand can acquire shares at a discount, supporting the company’s recent acquisition and expansion plans.

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.

Nexion Group has completed the sale of its networks business for $4.1 million, marking a strategic pivot towards data centre operations and its AI-driven FuseAI software platform. The company is restructuring and preparing to resume ASX trading amid evolving revenue streams.

Activeport Group has launched a flexible, consumption-based 100GB inter-capital network service integrated into its Global Edge platform, partnering with Titan Telecoms to connect major Australian cities. The company has already secured its first orders from wholesale network operators.

Activeport Group Ltd reported steady Q1 FY26 results with key project deliveries and a successful capital raise, positioning the company for accelerated growth across Asia and beyond.

Service Stream Limited has landed a major long-term contract with the Australian Department of Defence to manage property and asset services across South Australia and the Northern Territory, marking a significant expansion into defence infrastructure support.

Activeport Group launches Asia’s inaugural software-orchestrated Network-to-Network Interconnect Exchange in Singapore, integrating Megaport’s global data centre connectivity to transform cross-border telecom services.

5G Networks Limited (5GN) reported a robust 27% revenue increase in FY25, driven by organic growth and a strategic acquisition of an 89.65% stake in cybersecurity firm AUCyber. The company’s underlying EBITDA turned positive, signaling a financial turnaround despite integration costs.

Symal Group is set to acquire Locale Civil for up to $35 million, securing a $230 million civil works contract and enhancing its earnings from the first year. This move strategically expands Symal’s footprint in Australia’s utilities infrastructure sector.

Service Stream Limited reported solid FY25 results highlighted by double-digit profit growth, a strengthened balance sheet, and a significant increase in contracted works, setting the stage for continued momentum in FY26.

Activeport Group has rapidly expanded its Network-as-a-Service platform, securing $3.2 million in contracts within two months of launch, signaling strong market demand for flexible fibre connectivity solutions.