newsat growth

NewSat growth compares strongly amongst Aussie telcos
29 - 2 - 2008


The SmartCompany Dun & Bradstreet Industry Growth List published nationally this week shows NewSat Limited (ASX:NWT) coming in at mid-table on Australia’s Fastest Growing Telcos with a growth rate of 30% according to the analysts.

Ranked 22nd on the list, NewSat was the only pure satellite services provider amongst a wide range of telco service companies including Singtel Optus (growth rate 4%), Austar United Communications (10%) and Vodaphone (16%).

NewSat placed 32 on the list of 45 in terms of revenue figures and was in a band of sales performances which included Engin, Global Connect, Clever Communications and Tele-IP with similar turnovers.

“The company’s growth rate was a strong performance compared to many other telcos in Australia and especially in the satellite sector,” said CEO Adrian Ballintine.

“NewSat looks forward to driving revenues forward, despite the current hiatus in our consumer products division with the ABG status at the moment.

“However, we expect the positive, long-term effects of the Kimberley project on revenues will start to flow through to the company later in the year as the engineering of the service comes on line,” he said.