ASX-listed telco Field Services Holdings (FSG) has announced it has raised $20 million in new capital from new and existing investors via an institution.
Field Solutions Group ramps up regional network amid $7.75M funding
Adds more services and towers to its Regional Australia Network.
FSG tower construction Credit: FSG
Regional telecommunications provider Field Solutions Group (FSG) has scored funding totalling $7.75 million for various projects under the Federal Government’s Mobile Blackspots Program as it readies to build its regional network.
FSG has received $900,000 from the Federal Government’s Mobile Blackspots Program Round 5a, to trial domestic roaming with Optus and its own 4G Regional Australia Network (RAN).
FSG will build, construct, and operate place-based comprehensive 4G and 5G mobile and broadband networks, with CEO Andrew Roberts adding RAN was designed to be deployed in under serviced areas across rural, regional and remote Australia.
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Budget supports farmers to continue to supercharge Australia’s economic recovery
Tonight’s Federal Budget has delivered a shot in the arm for agriculture and regional Australia with welcomed investment in biosecurity, infrastructure, trade, telecommunications, climate change adaptation and health services.
NFF President Fiona Simson said the 2021-2022 Budget papers specifically referenced the NFF-led goal for agriculture to be Australia’s next $100 billion industry by 2030 and outlined spending initiatives that would provide tangible, on the ground benefits to farmers and bush communities.
“This Budget has delivered more than $5 billion investment in freight and regional roads across every state and territory, including upgrades Queensland’s Bruce Highway, the Northern Territory’s National Network Highway, South Australia’s August Highway and Tasmania’s Midland Highway.”