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FSG - Field Solutions Holdings

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latest business update for Field Solutions Holdings
 

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About FSG

FSG provides, builds and operates “true broadband networks” specifically for rural, regional and remote Australia. FSG is a licensed Australian telecommunications carrier, providing services via its own telecommunications network (trading under the brands ‘JustISP’ and “Ant Communications) and a NBNco Retail Service Provider.
Currently, FSG is preparing responses in partnership with several Local Governments to take part in the $83M Federal Government Regional Digital Connectivity Program (RDC). This program is designed to provide significant funding for the construction of telecommunications infrastructure to areas that are not serviced today or are current poorly serviced. This program closes on 17 of November 2020, with the results being released in Q3 FY21.
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Early this year, the New South Wales Government released an EOI for its GigState Initiative. This program is a $400M funding program for Regional Connectivity. During October 2020 the program was paused due to “changing market conditions”.
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- would be a tricky one, in this wide brown land. Maybe the satellite comms might work (if user willing to pay for it)
FSG completed its final certification with NBNco for its Business Satellite Service (BSS) Access Bandwith Service Layer 3 (ABSL3). So that today, FSG are the first carrier in Australia to deliver all released nbn™ product offerings across Residential, Business and Wholesale markets through both our direct retail and B2B (wholesale) channels
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Dona Ferentes said:
About FSG

FSG provides, builds and operates “true broadband networks” specifically for rural, regional and remote Australia. FSG is a licensed Australian telecommunications carrier, providing services via its own telecommunications network (trading under the brands ‘JustISP’ and “Ant Communications) and a NBNco Retail Service Provider.


- would be a tricky one, in this wide brown land. Maybe the satellite comms might work (if user willing to pay for it)
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This has nothing to do with satellite comms. It is fixed wireless running off the NBN backbone
 
Huge breakout for FSG today after announcing that it has been awarded $20.475 million from the Federal Government's $82 million Regional Connectivity Program Fund (RCP). The funding is for the construction of network infrastructure across five states in 12 local government areas.

This will provide a nice boost to FSG's bottom line:

The construction phase of the projects is planned to commence in August 2021, with revenue flowing from these networks as early as H2 FY22.
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Field Solutions Holdings (ASX: FSG), Australia's leading rural, regional, and remote challenger telecommunications carrier, is pleased to announce it has been awarded an additional $0.9M from the Federal Government’s Mobile Blackspots Program Round 5a to trial domestic roaming.

Highlights
  • Funding of $0.9M
  • Trial of domestic roaming
  • Sites in NSW and QLD
  • FSG to launch the Regional Australia Network, Australia’s true 4th MNO
  • Delivering 4G, 5G and IoT services

small beer
 
Telecommunications Carrier for rural, regional and remote Australia
We connect the underserviced and bridge the digital divide between metro and rural Australia, digitally enabling key industries such as agriculture, agribusiness, resources and mining
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Field Solutions Holdings Limited is in a TH, looking to raise $15million in a placement priced at 16.5¢ share.

The pricing is pretty skinny as the company was trading at 17c prior.
FSG is in an expansion phase, and is planning to build 16 new networks. On completion, it would take the Field Solutions network to about 187,000 square kilometres, and make it the largest non NBN fixed wireless network in Australia.
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.... That is selective. Not much high density, high traffic urban locations; but lots of paddocks included!!
 
took in more than first planned ... nothing for retail? Closed higher at 18.5c

Highlights

• Successful institutional placement raising $20M
• Commitments for greater than $40M ($25M above planned raise)
• Strong support from new and existing institutional and sophisticated investors
• Proceeds from the capital raising will be used to continue funding FSG’s organic growth strategy and provide flexibility when assessing inorganic growth opportunities
 
now 23.5c

Telecommunications Carrier for rural, regional and remote Australia

FSG has added another regional player:

FSG acquires TasmaNet Pty Ltd. Expands into Tasmanian market

• Annualised revenues more than $19M
• Forecast transaction EBITDA of $1.25M ($2.5M+ including synergies)
• Initial consideration circa $13M on a debt free cash free basis ($12M Net)
• Additional earn out consideration of up to $2M
• Delivers Tasmania’s largest fixed wireless network
• Delivers software automated cloud computing and managed services capability
• Delivers substantial revenue from Government and Enterprise clients across Tasmania and Southern Queensland


TasmaNet is a provider of premium digital solutions, specialising in business & Government. It has been operating since 2004 and has grown to become a leader in digital innovation. TasmaNet built and operates a wireless data network covering most of the Tasmanian population and some of the most remote parts of the state. Along with its own premium network, it also offers enterprise-grade nbn™ broadband throughout Australia and were the first RSP in the country to deliver Enterprise Ethernet services on the day it went live and quickly demonstrated that Enterprise Ethernet is a product that can appeal to SME and mid market customers. TasmaNet has three secure private cloud nodes spread across the country, which allows customers to procure and manage virtual compute and storage infrastructure and resources via its self-service customer portals.
 
after doing the telco shuffle (down, down) FSG put on 45% , to 14.5c today

... selected as exclusive preferred supplier for enterprise Managed Desktop, Network and general IT services for Kestrel Coal on a 5-year contract term.

Highlights
• Managed Network and Managed Services – circa $12M
• Additional IT and Procurement Services – circa $13M
• 5 Year contract term, delivering strong EBITDA return
• Extends existing connectivity provision relationship
• Leverages FSG’s Regional Australia Network telecommunications infrastructure
• Services to be delivered from Emerald QLD, Hobart TAS and Brisbane QLD
• Consolidates FSG’s growing position in mining vertical

“The award of this enterprise contract to FSG validates and reinforces our strategy to build infrastructure and deploy full-time resources into rural, regional and remote Australia”, outlines Andrew Roberts, CEO FSG. and Agribusiness areas
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