MARET GROUP COMPLETES ACQUISITION OF FIXED WIRELESS INFRASTRUCTURE OF SPIRIT TECHNOLOGY SOLUTIONS (ASX:ST1)
01/06/2022 – FOR IMMEDIATE RELEASE
Maret Group is pleased to announce that it has completed the acquisition of the Fixed Wireless Infrastructure of ASX Listed Spirit Technology Solutions (ASX:ST1), after announcing the deal on the 9th of May.
The deal sees Maret take ownership of the extensive network and the onboarding of the relevant support staff from Spirit also. “This network is a perfect fit for our business and our growth ambitions” Paul Torrisi, Maret Group CEO had to say. “I’m thrilled to be working with the infrastructure teams in Qld, NSW and Vic and look forward to working with our new team members, additionally I am delighted to forge an ongoing strategic relationship with Spirit”.
The acquisition of this network combined with Maret’s existing fixed wireless assets firmly launches the company to being the largest fixed wireless operator in Australia.
Maret Group would like to thank:
333 Capital – Corporate Advisers Epsilon Direct Lending and Macquarie Bank – Financiers Thomson Geer – Corporate Legal Representation Cooper Mills – Telecommunications Legal Advisers
“I’d like to thank and congratulate the Spirit and Maret Teams, and our relevant partners for their tremendous efforts in getting this deal done”, Paul Torrisi added on the completion of the deal.
Enquires may be directed to:
Paul Torrisi – Group CEO
Maret Group Pty Ltd