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Sydney, July 21, 2021 AEST (ABN Newswire) – Field Solutions Holdings (
ASX: FSG), Australia’s leading rural, regional and remote telecommunications operator, is pleased to announce that it has received $ 3.19 million from the Federal Government’s Mobile Blackspots Series 5a program, a 10-fold increase compared to the 5 series from last year.
Strong points
– Funding of $ 3.19 million
– 10 x increase in turn 5
– 15 towers to build across NSW, WA and QLD
– Long-term revenue stream expands existing telecommunications tower portfolio and facility rental revenue
– Deepening of the strategic relationship with Optus
– Neutral host ready
“FSG was the first non-Tier 1 telecommunications provider to receive funding in Round 5 of last year,†said Andrew Roberts, Managing Director of Field Solutions Group. “During Round 5a this year, FSG secured 10-fold funding to build 15 towers across NSW, WA and QLD,†he said.
Round 5a further deepens the partnership FSG forged with Optus in Round 5. “Optus shares our passion for improving telecommunications services for rural, regional and remote Australia,†says Roberts. “FSG and Optus see immense value in sharing infrastructure in the Australian region to provide more services …. The partnership provides maximum value for both the federal government investment and the connectivity solutions provided to communities. underserved in rural, regional and remote areas of Australia. ” he said.
“As a long-time strong supporter of the government Mobile Black Spot program, it is fantastic to see more funds allocated to alternative deployment models. These new sites will offer a significant advantage to Optus customers in the region. This is another way, working with industry partners, we can look at new, cost-effective ways to deploy reliable network coverage in the Australian region – something we believe all Australians should have access to. We look forward to working with Field Solutions Group to deliver these Optus services, including 5G to Talbot, Western Australia, â€said Andrew Sheridan, vice president of regulatory and public affairs for Optus.
In three years, FSG has built an extensive network in rural, regional and remote areas of New South Wales, Queensland and Victoria, building towers in areas previously underserved by telecommunications services. Over the next 24 months, FSG’s tour portfolio will exceed 200 laps and include Western Australia in its national footprint.
FSG’s network will provide residential, commercial and corporate Internet access and associated value-added services through its retail brands. The company’s partnership with Optus also ensures that these assets provide much-needed mobile telecommunications services.
As per FSG strategy, the tower deployment will be neutral host ready. “FSG’s Host Neutral Strategy is a sea change in service delivery, underpinning our new approach to ensure people in rural, regional and remote areas of Australia have mobile and high-speed coverage. full flow, â€said Roberts.
The federal government has committed $ 80 million for the sixth round of the program, which will be released over the next 12 months.
About Field Solutions Holdings Ltd
Field Solutions Holdings Limited (ASX: FSG) is dedicated to providing connectivity to rural and regional Australia where other providers simply cannot. We employ innovative technologies and a community-centric approach that engages local government, businesses and residents to ensure we build where it’s needed most.
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