Australia's Field Solutions hits over 13-1/2-years high on government funding

Field Solutions Holdings

16/04/2021 04:48

** Telecom company Field Solutions Holdings Ltd  FSG.AX 
jumps as much as 50% to A$0.21, highest since Sept. 25, 2007
    ** Company says it has been awarded A$20.5 mln ($15.85 mln)
from the Federal Government's A$82 mln "Regional Connectivity
Program Fund" to build network infrastructure across five states
of Australia  urn:newsml:reuters.com:*:nASX35w1nm
    ** Company says construction of the projects is planned to
start in August 2021, with revenue flowing from these networks
as early as H2 FY22
    ** Stock posts biggest intraday pct gain since Jan. 28
    ** About 10.9 mln shares change hands vs 30-day avg volume
of about 1.3 mln shares
    ** FSG set to post second consecutive session of gain; Up
over 3x this year, as of last close

 ($1 = 1.2933 Australian dollars)

 (Reporting by Aditya Munjuluru in Bengaluru)
 ((aditya.srivastsav@thomsonreuters.com))