Pentanet Renews site licence agreements with Axicom
- Telco company Pentanet (5GG) renewes site licence agreements with Axicom for a further 10 years
- Previous agreements with Axicom related to a specified area on an Axicom telecommunications tower in WA
- Under the new agreement, Pentane t may install and operate its telecommunication equipment using a bigger leased area on the tower and will pay monthly rental fees
- The company says the agreements allows it to “leverage more value from our network” to increase its capabilities and capital efficiency, and deliver a better customer experience
- Company shares are down 3.03 per cent, trading at 32 cents just before market close
