I'm not aware of any ASX-listed company specifically focussed on fixed wireless. A number of ISPs and telecomms companies do offer "fixed wireless" through mobile phone 5G towers which is different to Pentanet's model and doesn't offer the same exposure to developments in new broadcast technology or capacity to handle dedicated traffic. Mobile network towers generally have speeds capped and download limits enforced by Telstra, who abuse their monopoly, whereas 5GG offers scalability through its unique wholly-owned tower network. Many other 5G wireless providers also draw on NBN infrastructure maintained by the shambling monstrosity that is NBNco.
5GG's revenue is decent and IIRC not too far below covering operating costs, which is pretty damn good for an aggressive tech company so early in its lifecycle. By comparison Uber still loses eyewatering volumes of money and closer to home Zip and Afterpay lost money for years (I don't know if they still lose money, haven't checked them in a while). I would agree that 5GG's start-up characterisation is wearing thin - it depends on who you ask but I personally would consider a tech start-up to be any novel tech company exploring a market niche that's been around for less than 3 to 5 years. Many start-ups wait years before they list (look at Uber, which took years to list, and Canva, which still hasn't listed). 5GG listing so early in its lifecycle presents a unique opportunity (and risk).
And 5GG will have a huge warchest after this latest raise. They won't go bankrupt soon. Will they thrive? Up to you. I've been blunt about 5GG's gaming SAAS aspirations (bad, dumb, and difficult) but I still believe in their fixed wirless and will be buying some of these cheap stocks. NBN is truly an awful, awful experience and so long as Telstra and NBN continue their ineptitude, people will seek out the next best thing. Which 5GG should aim to be.
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