ENG 0.00% 89.0¢ engin limited

Hi SparklersThere will always be room for both technologys, but...

  1. 9,534 Posts.
    lightbulb Created with Sketch. 1021
    Hi Sparklers
    There will always be room for both technologys, but over time Wifi will mostly be a complimentary technology to mobile Wimax and LTE. Wifi can only travel 500 metres where Wimax line of sight (LOS) can travel 20+ kilometres.

    Seven holds almost 50% stake in Engin and has Mr stokes jnr on the board. Only problem with this is seven may try a full takeover just before a Mobile wimax rollout.
    With 635,516,979 shares on maket to acquire 90% would be alot harder than it was with the unwired takeover. I think Seven would be happy 51% and full control
 
watchlist Created with Sketch. Add ENG (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.