Latest Telecommunications News

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.

NIMY Resources has reported record-high gallium grades at its Block 3 East prospect, positioning itself as a potential key supplier in a market set to surge tenfold by 2034.

Etherstack has secured a $1.2 million contract with AT&T to supply wireless network equipment, reinforcing its role in mission-critical communications and promising revenue growth this financial year.

Battery Age Minerals has verified the presence of Germanium-76 in concentrate from Austria’s historic Bleiberg mine, positioning the project as a strategic supplier for semiconductor materials amid tightening global supply.

Pentanet Limited reports its first EBITDA positive quarter in FY25 Q2, driven by a successful 5G coverage expansion and strong growth in its NVIDIA Cloud gaming platform. The company is on track to double its 5G footprint this year, underpinning future profitability and market competitiveness.

Pentanet Ltd reported a positive cash flow from operations of $860,000 for the December 2024 quarter, maintaining a healthy cash balance of $2.22 million despite significant capital expenditures including a $1.6 million payment for a 5G spectrum license.

Pentanet has reached a key financial milestone by turning EBITDA positive in H1 FY25, driven by strong 5G subscriber growth and cloud gaming revenue expansion. The company is on track to double its 5G network coverage this year, underpinning future growth.

BKI Investment Company Limited posted a decline in net profit and earnings per share for the half-year ending December 31, 2024, yet declared a higher fully franked interim dividend, signaling confidence amid economic headwinds.

Activeport has successfully closed a $6.1 million capital raise, including a significant placement to new institutional investor MWP Partners, positioning the company for accelerated growth in the global telecommunications and data centre software markets.

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.

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.

Unith Ltd has strengthened its financial position through a partial divestment in AudioStack while renewing a key public health contract and achieving its highest B2C subscription revenue in two years.