Australia's Field Solutions hits over 12-year high on deal with Optus

Field Solutions Holdings

06/04/2021 01:43

** Field Solutions Holdings Ltd  FSG.AX  rises as much as
10.5% to A$0.105, hitting its highest since Aug. 8, 2008
    ** The rural telecom firm signs a 5-year deal with telecom
major Optus to launch 4G and 5G voice and data services to
retail and wholesale markets using Optus' networks  urn:newsml:reuters.com:*:nASN0011D9
    ** Says revenue expectation from deal is A$20 mln ($15.31
mln) over 5 years
    ** Stock posts its biggest intraday percentage gain in
nearly two weeks
    ** More than 1.6 mln shares change hands, compared with the
30-day average volume of about 1.1 mln
    ** Stock up 116% this year, as of last close


($1 = 1.3063 Australian dollars)

 (Reporting by Rashmi Ashok in Bengaluru)
 ((Rashmi.Ashok@thomsonreuters.com; +918061822604;))