NODE 1 (ASX:Private Company)

About:

N1 is a privately owned Western Australian based telecommunications company founded in 2012 and focused on wireless connections for retail and business customers. Services are based on class licensed 5Ghz and 60Ghz wireless network. The company owns its own wireless infrastructure consisting of 53 mobile towers as at March 2020 which are strategically located in Perth, Bunbury, Geraldton and the Mid-west of Western Australia. The company has plans to rapidly expand existing infrastructure and grow its customer base.

Forrest Capital's Role:

The principals of Forrest Capital co-invested in a syndicate headed by telecommunications entrepreneur Tony Grist. The capital injection is to provide additional capital for Node 1 to continue it's infrastructure roll out of mobile towers and secure additional work capital for a more robust marketing campaign in all regions.