Ann: Swoop H1 FY22 Results, page-25

Spirit Technology Solutions (“Spirit” ASX:ST1) is pleased to announce it has entered into an agreement for the sale of its fixed wireless infrastructure assets with Melbourne based Maret Group for $15M upfront, plus up to $6M in earn-out payments over two years, subject to revenue targets being achieved.

Under the agreement, Maret Group will acquire the infrastructure assets with Spirit retaining the business customer relationships and revenues and the opportunity to cross-sell Spirit’s broader product portfolio to this customer base. The Maret Group will charge Spirit wholesale services fees for connected services under a wholesale services agreement between the parties.

Importantly, the two companies will partner to develop and market new fixed wireless products using Maret Group’s spectrum assets, its new expanded network and Spirit’s large national salesforce. This new partnership aims to create market-leading fixed wireless solutions.




A new competitor.
sell their infrastucture towers for 21 mill/lease back to new partner
Their MC is $45
with now over $21 mill cash

EV around $24 mill

SWP MC is still close to $180 million, seems crazy imo.