MacTel FY18 Results Defy Gloom from Australia’s Telco Sector
Defying the general gloom from Australia’s telco sector, Macquarie Telecom Group recently announced its FY18 results cementing four successive years of strong profit growth. The announcement comes as Macquarie Founder and CEO, David Tudehope, was recently recognised by his peers and awarded the ACCOMMS Communications Ambassador 2018.
In his speech, David called upon his peers to do more to improve the telco industry’s appalling customer service record. His laser focus on bucking this trend, he believes, has led Macquarie to its sustained success reflected in these results and its share price that has risen from $14.90 this time last year to $23.70 today.
- Full year revenue up 6 percent to $233.1 million.
- Further investment in SD-WAN technology this year.
- CAPEX investment in Australia of $34-37 million (excluding $75-80m in new IC3 data centre) this year.
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