GlobalNet: New VoIP telco for Aussie market

New VoIP telecommunication provider, GlobalNet Asia Pacific has issued a prospectus launch on Australian Stock Exchange and plans to get its services out through the channel.

GlobalNet has been in operation for the past six years, originating in e-commerce and wireless broadband and has offices in Perth and Melbourne.

For the past 18 months it has been reading itself to launch national services for the residential and the SMB market.

Jol Sinclair executive marketing director GlobalNet said its range of service offerings was developed in-house, however the infrastructure was supplied by MPA Systems, a Melbourne based ISP.

“We are outsourcing the national data network and call termination services infrastructure to MPA. We want to focus on signing up customers and getting national coverage,” said Sinclair.

“We were a private company with private shareholders now we are planning to go public on the Australian stock exchange. By offering the company on the ASX we hope to build capital reserve to embark on signing up customers.”

Sinclair said the company was planning a reseller strategy and looking to attract ISPs and systems integrators interested in selling voice calls on VoIP.

“We have just hired two senior IT telecommunications executive to engage the retail and reseller channel. We have only put out prospectus listing on ASX and wont be able to confirm signings until it’s completed, but we have had a strong response from the channel. We will also open offices in QLD and NSW within the next 12 months.”

GlobalNet was offering 15 million shares at 20 cents and 7,500,000 free attaching December 2008 options exercisable at 20 cents each. The indicative closing date for the Offer is 18 May 2006 and the expected date of listing is 27 May 2006.

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