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Date : 05/02/2021

Pentanet (ASX:5GG) crosses 10k active subscribers mark

Pentanet Limited (ASX: 5GG) debuted on the ASX just last week on the 29th of January 2021. Paentanet is a Perth based internet service provider and within a week of their IPO, the firm announced that their active subscribers grew by 218% compared to the previous quarter as it crossed the 10,000 mark. The growth in the active subscribers was because of leading network technology coupled with a customer-centric service.

Pentanet is poised to commence the expansion of its fixed-wireless network, increasing network coverage across the Perth metropolitan area and reaching more prospective customers. Expansion of Pentanet’s owned fixed-wireless network is a key strategic focus for the business given the substantially better margins than reselling the NBN to end users. Pentanet also has plans to be a part of the cloud gaming rollout, the next wave of subscription-based entertainment services. The Company will partner with NASDAQ-listed NVIDIA. Through the deal, Pentanet would be the first to get NVIDIA’s GeForce NOW technology to Australia in 2021 – wherein gamers would be able to stream and play major titles straight to their mobiles and PCs.

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