The nimble giant killer taking on the $23B IT&T industry

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As the COVID-19 pandemic continues to infect economies across the globe, many listed companies are scrapping dividends, withdrawing guidance, and standing down staff across the country.

However, some companies are not only managing the global downturn, but are actively benefitting from the huge changes in how people work and play.

Internet and IT service provider Spirit Telecom (ST1) is one such company.

The company announced last Friday that revenue grew 146 per cent from January to April 2020 compared to the same period in 2019.

In the past few weeks, the company has announced record results, and a range of new institutional investors has come onto the register to support ST1's two-pronged organic and acquisition growth strategy.

Moreover, ST1's share price has leapt to a market capitalisation at around $75 million. The company has at its disposal $14.8 million of cash and debt for new acquisitions and organic growth. Commonwealth Bank recently showed its approval of Spirit’s performance by increasing its debt facility to $10.9 million.

This begs the question: what makes Spirit Telecom different?

Read the full article on The Market Herald Here