Latest Telecommunications News

GreenHy2 Limited has broadened its renewable energy storage portfolio by integrating graphene-based hybrid supercapacitor batteries, reporting robust FY24 growth and advancing key customer trials.

Hutchison Telecommunications (Amsterdam) B.V., a subsidiary of CK Hutchison Holdings, has made a takeover offer for all shares in Hutchison Telecommunications (Australia) Limited at A$0.032 per share, representing a significant premium to recent trading prices. The offer requires at least 97% acceptance to proceed and aims to delist HTAL from the ASX.

Hutchison Telecommunications’ Independent Board Committee advises shareholders to take no immediate action on the off-market takeover offer from majority owner HTABV, as it carefully evaluates the proposal.

Ventia Services Group Limited delivered strong financial results for 2024, highlighted by a 12.8% rise in NPATA and a record 92% contract renewal rate, while reaffirming growth guidance despite ongoing ACCC proceedings.

Hutchison Telecommunications (Amsterdam) B.V. has announced an off-market takeover bid for the 12.13% of Hutchison Telecommunications (Australia) Limited shares it does not already own, offering a 52.4% premium. The move aims to consolidate full ownership of the Australian telecom operator.

Field Solutions Group has executed a binding agreement to sell its TasmaNet business to Comms Group Ltd as part of its receivership process, with further asset sales underway.

Comms Group Limited announces a strategic $10 million acquisition of TasmaNet and select assets from Field Solutions Holdings, alongside a $7 million capital raise, targeting a proforma FY25 revenue of approximately $75 million.

Comms Group Limited has inked a binding agreement to acquire TasmaNet, a leading Tasmanian communications provider, significantly expanding its network assets and customer base. This strategic move is expected to lift Comms Group’s proforma revenue to around $75 million and EBITDA to $9-10 million annually.

Superloop has reached a significant milestone under its exclusive contract with Origin Energy, surpassing 200,000 broadband subscribers on its network. This achievement highlights the growing demand for wholesale internet services in Australia.

Beam Communications has finalized a settlement with Roadpost Inc. that will see it receive approximately AU$4.1 million in addition to proceeds from selling its 50% stake in Zoleo Inc. This payment covers early royalties and inventory adjustments, setting the stage for a major capital return review.

Spectur Limited appoints Anthony Schmidt as CEO, accelerating its transition to a scalable SaaS model and targeting operational cashflow neutrality by mid-2025 amid a $3 billion addressable market.

TPG Telecom reported robust 2024 financials, expanded its mobile network coverage to 98.4% of Australians, and announced a strategic $5.25 billion fibre asset sale to Vocus Group, setting the stage for a leaner, more agile business in 2025.