GigaComm, an ultra-fast internet provider backed by Melbourne’s Palisade Impact and Macquarie Capital, is refreshing its leadership team and board after agreeing terms to raise $65 million in equity in December.
Palisade Impact and a new institutional investor are understood to have taken up the $65 million. It would fund GigaComm’s expansion to 100,000 premises and help it onboard new retail service providers to its wholesale platform. The deal follows a $150 million cash call launched earlier last year via Rothschild.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com