5GN Finalizes Sale of Webcentral Shares

Webcentral Ltd (AU:5GN) has released an update.

5G Networks Limited (5GN) has agreed to sell its shares in TopCo, which controls the Webcentral business, for approximately A$20.5 million. This move comes as 5GN’s stake in TopCo will be diluted following a merger with World Host Group, prompting the decision to sell. The net cash benefit for 5GN from this transaction is expected to be around A$20 million after accounting for various costs.

For further insights into AU:5GN stock, check out TipRanks’ Stock Analysis page.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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