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

Get in Touch

1300 10 11 12

Get in touch!