Webcentral sells hosting business for $165M, rebrands to 5G Networks
Will use funds to buy complementary technology, cloud hosting and managed IT businesses.
Will use funds to buy complementary technology, cloud hosting and managed IT businesses.
Jonathan Horne will be CEO of Melbourne IT
Due in part to data centre and network costs, a non-cash goodwill impairment expense and acquisition, restructuring, transaction and merger costs.
Half year saw Webcentral complete its 5G Networks integration and increase its hold on Cirrus Networks.
Comes as Webcentral pushes Cirrus shareholders to support its takeover plan.
Claims financial upsurge results from “the significant initiatives implemented since the change of control by 5GN".