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Corporation
MOBILE & TELECOMMUNICATIONS | Telecom Services / Wireless
spirit.com.au

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Portfolio Exits

2

Partners & Customers

1

About Spirit

Spirit (ASX:ST1) offers a fixed wireless network, an alternative to the NBN, and can provide Australians with super-fast wireless (AKA Sky-Speed) Internet and cloud-based business solutions.

Spirit Headquarter Location

Raglan St

South Melbourne, Victoria, 3205,

Australia

1300 007 001

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Spirit Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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Spirit Rank

Latest Spirit News

Over the Wire (ASX:OTW) share price halted amid possible takeover

Oct 22, 2021

Aussie Broadband is sniffing around the telecommunications company. Here are the details Mitchell Lawler is a site writer at The Motley Fool Australia. He holds a Bachelor of Engineering and previously worked in the consulting space while his interest in equities grew. Mitchell is now completing his studies in finance and wealth management and hopes to help others in their investing journey. You can view Mitchell's holdings here . Latest posts by Mitchell Lawler ( see all ) Image source: Getty Images The Over the Wire Holdings Ltd (ASX: OTW) share price is frozen on Friday. The pause button has been hit on the telecommunications company following rumours of a possible takeover deal from Aussie Broadband Ltd (ASX: ABB) . The speculation has since been confirmed by both companies. The $300 million Brisbane-based company’s shares are currently frozen at $5.00 apiece. Meanwhile, Aussie Broadband shares are lifting 5.6% on the potential acquisition in the making. Let’s peel back the layers on what this could mean for the ASX-listed Over the Wire. An unusual candidate By the price action on Aussie Broadband shares today, it appears investors are enthusiastic about the potential takeover of Over the Wire. However, reports from The Australian indicate that some analysts don’t see the deal as a ‘no-brainer’. Although, an argument could be made for the deal from a valuation perspective. Currently, Aussie Broadband trades at approximately 30 times its earnings before interest, tax, depreciation, and amortisation (EBITDA) . Meanwhile, based on the Over the Wire share price, the potential takeover target trades at around 10 times EBITDA. This difference in valuations is likely a byproduct of the companies contrasting growth profiles. While Over the Wire grew its revenue at a respectable 29% in the last 12 months, Aussie Broadband delivered a huge period of growth, increasing 84% year-over-year. Yet, one analyst believes Over the Wire is not so fitting for Aussie considering the smaller company has a customer-centric focus on IT solutions. Whereas, Aussie deals in the realm of communications reselling — namely, the National Broadband Network. Instead, the analyst suggests that Spirit Technology Solutions Ltd (ASX: ST1) would be a better fit for the fast-growing network provider. The $184 million company provides internet, cyber-security, and networking solutions to businesses, hospitals, schools, and aged-care providers. It seems investors are taking note, with the Spirit Technology share price up 12% today. At this stage, the discussions between Aussie Broadband and Over the Wire are preliminary and incomplete. This means no agreement has been entered and no deal may eventuate. However, the Over the Wire share price has requested to remain halted until a further announcement, or the commencement of trading on 26 October 2021. Over the Wire share price recap While the Over the Wire share price has bounced back from its COVID-19 rout, its performance since has been average. Over the past year, the IT company has gained 10.9%, which would typically be considered reasonable. However, the S&P/ASX 200 Index (ASX: XJO) has gained 20% over the same time period. Likewise, Aussie Broadband has delivered far greater returns during the past 12 months. The new telco competitor has delivered a return of 147% in the past year. This is more than 10 times greater than the performance of the Over the Wire share price. Should you invest $1,000 in Over the Wire Holdings right now? Before you consider Over the Wire Holdings, you'll want to hear this. Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now... and Over the Wire Holdings wasn't one of them. The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more. * And right now, Scott thinks there are 5 stocks that are better buys.

Spirit Portfolio Exits

2 Portfolio Exits

Spirit has 2 portfolio exits. Their latest portfolio exit was Spirit - Consumer Infrastructure Division on October 26, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

10/26/2021

Divestiture

$991

1

00/00/0000

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$991

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10

Date

10/26/2021

00/00/0000

Exit

Divestiture

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Companies

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Valuation

$991

$991

Acquirer

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Sources

1

10

Spirit Acquisitions

12 Acquisitions

Spirit acquired 12 companies. Their latest acquisition was Nexgen on March 31, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

3/31/2021

$991

Acquired

2

12/2/2020

$991

Acquired

1

8/20/2020

Acquired

1

8/20/2020

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$99M

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10

8/20/2020

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$99M

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10

Date

3/31/2021

12/2/2020

8/20/2020

8/20/2020

8/20/2020

Investment Stage

Companies

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Valuation

$991

$991

Total Funding

$99M

$99M

Note

Acquired

Acquired

Acquired

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Sources

2

1

1

10

10

Spirit Partners & Customers

1 Partners and customers

Spirit has 1 strategic partners and customers. Spirit recently partnered with NEC Australia on November 11, 2018.

Date

Type

Business Partner

Country

News Snippet

Sources

11/16/2018

Vendor

NEC Australia

1

Date

11/16/2018

Type

Vendor

Business Partner

NEC Australia

Country

News Snippet

Sources

1

Spirit Team

1 Team Member

Spirit has 1 team member, including former Chief Operating Officer, Grey Humphrey.

Name

Work History

Title

Status

Grey Humphrey

Chief Operating Officer

Former

Name

Grey Humphrey

Work History

Title

Chief Operating Officer

Status

Former

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