Ann: UWL: UWL Response to Speculation, page-10

The market is extremely excited about this as Vaughan Bowan was made executive director of UWL just over two weeks ago and its share price has more than doubled as a result. Vaughan is the guy that took the M2 group for a start up to a $2 billion company, so he is a pretty good bet. Now UWL are in talks to take over ST1 in this once in a lifetime land grab. ST1 is an extremely good company with fantastic recurring revenue and the network that they have created is obviously very attractive to UWL as they aggressively scale. Vaughan has the reputation and therefore the backing of the market to get things done, so this should be a very good outcome for ST1 if it comes off. I am guessing the share price will go much higher on this news as ST1 was being valued at no growth. Here is a couple of articles worth reading.

https://rogermontgomery.com/are-the-m2-telecommunication-team-getting-the-band-back-together/
https://www.arnnet.com.au/article/658746/m2-group-founder-vaughan-bowen-joins-uniti-wireless/

Disclosure I have owned ST1 for a long time and I also recently brought UWL.