5G Networks Ltd. engages in provision of networking, managed, and cloud services. The company is headquartered in Melbourne, Victoria. The firm is principally engaged in supplying cloud-based solutions, managed services and network services, and operating fiber and wireless infrastructure, and management of cloud computing environment and data center facilities. The firm also supplies domain name registrations and renewals, website and email hosting, website development, search engine marketing and social advertising campaigns for businesses in Australia and New Zealand. The Company’s segments include Data Centres, Network and Cloud Services, Managed Services, and Webcentral. The Company’s subsidiaries include 5G Network Operations Pty Ltd, Enspire Australia Pty Ltd, Asian Pacific Telecommunications Pty Ltd, Anittel Pty Ltd, Hostworks Pty Limited, Hostworks Group Pty Limited, Logic Communications Pty Ltd and Modular IT Pty. Ltd.
5G Networks (ASX: 5GN)
- Home
- 5G Networks (ASX: 5GN)
Here are the latest articles on 5G Networks (ASX: 5GN)
Webcentral enters agreement to partially sell its domains business at mammoth valuation
October 27, 2023
Digital services company Webcentral (ASX: WCG) has pulled off a substantial M&A coup having secured an agreement to sell two-thirds of its domains business for $165 million. Making the deal most remarkable is the fact Webcentral was trading with a market cap of just $36 million ($0.11 per share) prior to the deal being formalised.
Cirrus whips backhander at WebCentral upon concession of failed hostile takeover
August 23, 2022
Hostile takeover attempts are a thing of beauty when it comes to listed companies poop-flinging in the boardroom but IT services provider Cirrus Networks (ASX: CNW) has had the last laugh over rival WebCentral (ASX: WCG) by forcing their hand in abandoning their attempt. Despite WebCentral having a $70m market cap, more than double that
Hostile takeover brewing in the West as Cirrus stands firm, knocks back Webcentral
August 3, 2021
It may not have had the sex appeal of the big BNPL acquisition that rocked the ASX yesterday but M&A activity is thriving in the digital space albeit IT services provider Cirrus Networks (ASX: CNW) was insulted by the takeover offer received from telecommunications provider Webcentral (ASX: WCG). Unanimously recommending their shareholders reject the offer
COVID-19 and cyber security concerns spur the data centre sector
August 26, 2020
Flush with newly-raised cash, the listed data centre (DC) operators are on an expansionary push as the pandemic elevates corporate and government requirements for more data storage and better connectivity. Investor interest has long centred on sector big daddy NextDC (NXT), which is trading near record high levels despite (or because of) a monster $672
Recent Articles
