ST1 0.00% 5.2¢ spirit technology solutions ltd

General ST1, page-5

  1. 250 Posts.
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    I came across this article on the Sydney Morning Herald, entitled NBN Co backflips in telcos' turf war over business customers.

    disallowed/business/companies/nbn-co-backflips-in-telcos-turf-war-over-business-customers-20200130-p53w6a.html

    To quote from the article, "The National Broadband Network will stop signing on business customers directly, a major concession by the organisation in response to industry pressure and scrutiny...NBN Co was hoping to generate $1.2 billion in revenue by 2023 from its enterprise arm.The latest backflip by NBN Co has been welcomed by major telecommunications providers, which previously slammed the organisation over its decision to go directly to business customers."

    This decision would seem relevant to ST1, given that NBN was probably competing for some of the enterprise customers that ST1 is aiming for.
 
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