Shaw and Partners completes Placement for Spirit Telecom Limited News04 Apr 2019

Shaw and Partners acted as Lead Manager to the placement undertaken by Spirit Telecom Limited (ST1).

 

The company is raising up to $5.2 million via way of a placement to institutional and sophisticated investors and a share purchase plan.

 

The placement component was oversubscribed and supported by a number of existing and new investors.

 

Funds from the capital raising will be used to support ST1’s acquisition of LinkOne Group, which operated a complementary high speed ‘fixed wireless’ telecommunications network.  The acquisition is expected to be highly earning accretive, and expand Spirit’s network in key markets of Sydney and Brisbane.

 

About Spirit Telecom

Spirit Telecom Limited is a modern telecommunications provider of superfast Internet access and telephony  services that listed on ASX 26 June 2016. A fast-growing niche Telecommunications Carriage Service Provider, Spirit is focused on supplying fibre based broadband services to multi-dwelling user locations including residential, business, student accommodation, community housing and business parks. Spirit was voted as being Australia’s fastest Internet Service Provider (ISP) for 2015 by PCMag.com. With 10-year  brand awareness, Spirit prides itself on delivering real service to its Australian residential and commercial  customers and provides customers with the highest quality product. Spirit has a history of successfully acquiring and integrating complimentary companies, including Voxcom  (2012), My Telecom (2015), Phone Name Marketing (2016) and World Without Wires (2017)

 

 

Related Articles
News09 Jun 2025 Celebrating 10 Years of Shaw and Partners in Adelaide
Ten years ago, on Thursday 11 June 2015, Shaw and Partners Financial Services proudly opened the doors to a modest office in Adelaide with a clear ambition—to build a strong presen... Read More
News04 Jun 2025 Shaw and Partners strengthens surf sports partnership with shake up of 2025 Shaw and Partners Coolangatta Gold
After celebrating its 40th anniversary last summer, the Shaw and Partners Coolangatta Gold is set for a major shakeup in 2025.   Coolangatta Beach will once again host the Shaw a... Read More
News14 May 2025 THINK YOU KNOW GOLD? Shaw and Partners Gold Price Prediction Competition
THINK YOU KNOW GOLD? Here's your chance to win a Shaw and Partners hamper!  The Shaw and Partners Gold Price Prediction Competition is closing soon. Launched in the June Quarter ... Read More
News13 May 2025 Shaw and Partners continues to attract some of Australia’s most respected investment advisers.
Shaw and Partners Queensland State Manager Glen Gannon has welcomed Dwight Phillips, Tim Harbort and Craig Clark to the Brisbane office, a high-performing team with more than 50 ye... Read More
A - Z  % Change  
{{data.Symbol}} {{data.CompanyName}} {{data.Close}} {{data.AsAt | date :'shortTime'}} {{data.Movement | number : 2}} {{data.MovementPercent | number: 2}}%