new annoucement COMPANY ANNOUNCEMENT
Media enquiries:
Peter White (02) 92477757
Investor enquiries please email:
[email protected]
ACA approval a major coup for W Home
SkyNetGlobal receive written permission from ACA to operate
in-building powerline communications networks
SYDNEY 1st July 2004, SkyNetGlobal (ASX: SKG), today announced that it has received written
permission and confirmation from the Australian Communications Authority to operate in-building
powerline communications networks, a first in Australia’s telecommunications industry.
SkyNetGlobal’s W Home network currently connects to 15 large residential buildings and 1 large
commercial building, and is the first company in Australia to offer innovative telecommunication
services via powerline. The company has presently signed exclusive powerline access agreements
with 51 buildings covering more than 10,000 homes. 8 more large buildings will be connected by 7
July 2004, with many more to rapidly follow.
SkyNetGlobal CEO Jonathan Soon said: “This is a significant milestone for the company as we have
been cautious with our rollout plans while working with the ACA towards the required permission. To
date we have been operating with a tacit approval from the ACA. The formal ACA permission will
now pave the way for us to execute our plan to achieve a national coverage of 500 buildings over
the next 24 months covering 100,000 apartments.”
“Based on the current average subscriber take up rate per building of close to 20%, we expect to
achieve 20,0000 subscribers by end of 2006, generating approximately $1 million per month in
broadband internet services revenue only. In addition to broadband internet, we also plan to offer IP
telephony (VOIP) and video on demand, providing residents in W Home buildings with the ability to
instantly hire a latest release movie over the powerline.”
ABOUT SKYNETGLOBAL
Listed on the Australian Stock Exchange (ASX: SKG) and headquartered in Sydney, SkyNetGlobal
is a leading innovator of wireless broadband solutions specialising in 802.11 wireless (WiFi) & Home
Plug powerline technologies. SkyNetGlobal’s solutions include a global remote access service called
“Connector” providing internet connectivity to 19,000 wireless hotspots worldwide, and W Home, a
smart home system designed to deliver efficiency, convenience and cost savings for apartment
dwellers, offering broadband and home automation products. For more information please visit our
website at www.skynetglobal.com
SKG
skynetglobal limited
