Pentanet’s solution for fast internet
Pentanet (ASX:5GG) is a Perth-based micro-cap in the telco and cloud gaming space. Pentanet is passionate about high-speed internet and delivers the largest fixed wireless network in Perth. The company uses owns their own network which allows larger margins and provides a higher quality of service to its users.
Pentanet’s Founder and CEO Stephen Cornish joined Gary Rollo to discuss Pentanet’s business model, how the network works and the evolution of fixed wireless technology.
Since listing on the Australian Securities Exchange (ASX) in late January, Pentanet has focused on its growth strategy and delivered 20 per cent growth in subscriber numbers with low churn, high average revenue per-user (ARPU), and improving gross margins.
In April, Pentanet was one of a handful of major telcos to secure a licence for high band 5G spectrum in the 26 GHz auction conducted by the Australian Communications and Media Authority.
“Our wireless solution is a much lower-cost, equally as effective and more rapidly deployable solution for fast low latency internet.” Stephen Cornish, Pentanet Founder and CEO
The Montgomery Small Companies Fund owns shares in Pentanet. This video was prepared 13 October 2021 with the information we have today, and our view may change. It does not constitute formal advice or professional investment advice. If you wish to trade Pentanet you should seek financial advice.
Gary Rollo is the Portfolio Manager of the Montgomery Small Companies Fund. Gary joined Montgomery in August 2019 after spending three years at MHOR Asset Management in Sydney as a Founder and Portfolio Manager. Prior to this, Gary was a Portfolio Manager at Renaissance Asset Manager in Sydney for six years. Before moving to Australia, Gary spent five years in London running Morgan Stanley’s Technology Sector Equity Research Team, as well as two years covering technology companies for JP Morgan.
This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564). The principal purpose of this post is to provide factual information and not provide financial product advice. Additionally, the information provided is not intended to provide any recommendation or opinion about any financial product. Any commentary and statements of opinion however may contain general advice only that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking independent advice from a financial advisor if necessary before making any decisions. This post specifically excludes personal advice.
