Latest Telecommunications Sector News

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5G Networks Limited has closed its on-market takeover offer for AuCyber Limited, acquiring an 89.685% stake but falling short of the 90% threshold needed for compulsory acquisition.
Sophie Babbage
Sophie Babbage
18 Feb 2025
Queste Communications Ltd reported a robust $4.2 million net cash increase in January 2025, driven primarily by positive operating cash flows and strategic investing activities. The company’s consolidated cash position benefits from its controlling stake in Orion Equities Limited.
Victor Sage
Victor Sage
10 Feb 2025
Vonex Limited has announced a $13.9 million non-renounceable entitlement offer to reduce its substantial debt, with major shareholder Maxo Telecommunications underwriting the raise. The move comes as CEO Ian Porter prepares to depart, marking a pivotal moment for the telecommunications provider.
Sophie Babbage
Sophie Babbage
4 Feb 2025
Vonex Limited has announced a $13.9 million non-renounceable entitlement offer primarily aimed at reducing its debt, alongside the upcoming departure of CEO Ian Porter. Major shareholder MaxoTel is backing the raise with a substantial commitment.
Sophie Babbage
Sophie Babbage
4 Feb 2025
Field Solutions Holding Ltd reported a positive net cash flow from operations for the December quarter but faces significant investing outflows and is currently in voluntary suspension pending a capital raise.
Sophie Babbage
Sophie Babbage
31 Jan 2025
Credit Clear Limited has reported a robust first half of FY25 with record revenue and a significant rise in profitability, reaffirming its full-year guidance amid strong client acquisition.
Sophie Babbage
Sophie Babbage
31 Jan 2025
5G Networks Limited has raised its unconditional cash offer for AuCyber Limited shares to 13.5 cents, representing a significant premium and a compelling exit opportunity for shareholders ahead of the February 6 deadline.
Sophie Babbage
Sophie Babbage
28 Jan 2025
Vonex Limited reported a net cash inflow of $779,000 from operating activities in Q4 2024, maintaining a solid cash position despite accelerated debt repayments following a change of control.
Sophie Babbage
Sophie Babbage
23 Jan 2025
Vonex Limited has terminated its proposed scheme with Maxo Telecommunications amid shareholder opposition, while MaxoTel’s 4.4c cash offer will close on January 28, 2025. The Vonex Board recommends shareholders accept MaxoTel’s offer and reject Swoop Telecommunications’ conditional scrip bid.
Sophie Babbage
Sophie Babbage
16 Jan 2025
Vonex Limited has vested performance rights for its CEO and directors following MaxoTel’s acquisition of majority control, with shares set to be sold on-market. The company reports a mixed 1H FY25 financial performance and is exploring options to repay a $23 million debt facility, including a potential capital raise.
Sophie Babbage
Sophie Babbage
14 Jan 2025