5G Networks joins the ASX today to save business from slow internet

Super-fast 5G mobile networks may be several years away but investors can get a piece of would-be telco disruptor 5G Networks today after it listed on the ASX.

5G Networks — which raised $4 million selling shares at 25c — climbed as high as 30c on its ASX debut today.

The shares fell back to 27c in Friday lunchtime trade — a premium of 8 per cent.

5G (ASX:5GN) wants to build its own wireless broadband network and cloud computing service, initially targeted at “mid-market” corporates who are not directly connected to the National Broadband Network (NBN).

 

Read the full article by Melissa Yeo on Stockhead