NetLinkz Agrees to China JV, Revises 2020 Revenue Guidance

  • Dec 16, 2019 AEDT
  • Team Kalkine

Cloud network solutions provider, NetLinkz Limited (ASX: NET) has finalised its China joint venture agreement with iSoftStone Information and Technology (Group) Co. Limited.

  • NET established Beijing iLinkAll Technology Co. Ltd (iLinkAll).
  • It will own 80 per cent of iLinkAll with an entity nominated by iSoftStone owning 20 per cent.
  • Consequently, NET revised its previously announced expected revenue for 1 Jan 2020 to 31 Dec 2020 from $10.1 million to $15.3 million.

 

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