Despite ownership changes, Wizz Communications has experienced a 77 per cent increase in sales revenues for the first quarter 2006.
The ACMA licensed wireless carrier has grown from a fledgling $30,000 in revenues during the last quarter of 2005 to $70,000 in the first quarter this year.
According to director, Andrew Mclaren, the company was likely to match or exceed its growth for the second quarter of 2006.
The increased revenue follows a series of management reshuffles for the wholesale telco, which first launched in May 2004 with its own network.
“A lot of company changes took place at the end of last year," he said. "Wizz changed ownership and a few directors have come and gone.”
Mclaren said the revenues had increased based on partnerships with clients such as People Telecom, NextGen and ASX-listed destra Corporation.
The company's status as a niche player, deploying point-to-point wireless services with such partners meant it could compete effectively against bigger players.
“Telstra isn’t that active in wireless and it would be counter-productive to become a wireless supplier because it owns the largest fibre optic network," he said.
"If Telstra had our services it would be very expensive and it could risk losing a huge amount of revenue.”
Mclaren said Wizz was now pursuing a hard-hitting campaign to double its wholesale partners within the next six months.
“From a resource perspective, a wholesale sales model means it’s not so labour intensive for Wizz," he said. "There’s not a huge amount of sales people on our side so we have to rely on partners to help us gain the business.”
Wizz Communications bangs on
By Lilia Guan on Apr 24, 2006 10:54AM