I like the acquisition because it gives them more cash flow to put into bringing buildings online.
They have been putting $1m capex into the infrastructure network, so adding $800k of EBTIDA with their tax losses means they can now almost double their capex investment long term without raising debt or equity, plus pickup some great business customers and some really attractive sales pipeline in the quality of their phone names (which seems incredible and likely in real demand).
ST1 Price at posting:
3.4¢ Sentiment: Buy Disclosure: Held
