Pentanet (ASX:5GG) Reports Growth in Active Subscribers, Shares Up By ~ 3%

Perth-based high-speed internet provider, Pentanet Limited (ASX:5GG) announced that the number of active customers topped 10,000 count.  In Q1 FY2021, this number was 8,386. 

The growth in the number of subscribers is because the Company is going to start the expansion of its fixed-wireless network. The Company is taking steps to increase the network coverage across the Perth metropolitan area and reaching more potential customers. Presently, the main focus of the Company is to expand its owned fixed wireless network.

Within 12 months, the Company’s subscriber base got doubled because of its leading network technology coupled with a customer centric service. 

At AEDT 12:32 PM, 5GG shares were trading at A$0.690, up 2.985% from the previous close.

FURTHER DISCUSSION AT: ASX newcomer Pentanet (ASX:5GG) crosses the 10k active subscribers mark 

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