Spirit Telecom launches NBN enterprise ethernet products
Spirit Telecom’s (ASX:ST1) Spirit X platform, Australia’s largest digital aggregator of business internet products nationally across more than 70% of business premises, has launched the NBN Enterprise Ethernet (NBN EE) range to its resellers and direct customers via its sales platform.
NBN EE is an enterprise grade fibre service, with superior symmetrical performance to that of legacy business internet products, and via Spirit X it can reach in the vicinity of 2 million businesses.
With Spirit brands and products launched nationally across Sky News, Sydney and Melbourne Billboards, AFR.com and the NINE network it has a high profile reach.
Spirit X allows resellers and businesses to locate and purchase high-speed B2B (business to business) internet products nationally.
The addition of the NBN EE product range significantly expands the market opportunity for Spirit X across Australia, which could previously service approximately 100,000 addresses with fibre internet products to now being able to provide symmetrical data connections across a truly national footprint.
Spirit X now aggregates, service qualifies and sells high-speed products from Spirit’s own network in addition to Opticomm, NBN, TPG, DGTek, FG Telecom and Vocus.
Spirit continues to identify new avenues for growth
In line with the expanded market for Spirit X, the company expects further organic growth as cross-selling opportunities emerge and the platform moves from a data platform to a marketplace in fiscal 2021, offering cloud services, IT support and security.
Spirit Telecom will be offering bundled, high-speed internet and technology services.
Underlining the growth benefits from NBN EE, Spirit’s managing director Sol Lukatsky said, “The launch of the NBN Enterprise Ethernet product moves Spirit into a new phase of growth.
‘’Additionally, the Spirit X product range is being promoted via our first national marketing campaign.
‘’Spirit X has already generated over 6,200 service qualifications and leads in a few months.
‘’With the ability to service a much larger number of businesses, Spirit can drive greater awareness of the platform and continue to fill the demand for bundled, high-speed internet links and IT services in one offering.”
When the experts at Next Investors have a stock pick, it may pay to listen.
The Next Investors have been investing in ASX small cap stocks for years, with their best small cap picks yielding returns of 1,200%, 1,120%, 900% and 678%.
They have just revealed their hand-picked, FY2021 stock portfolio of high conviction long-term investments.
Click the link below to see what they are currently investing in.
S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.
Conflict of Interest Notice
S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.
The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.