Australia's Spirit Technology rises on non-core asset sale

Infotrust

18/10/2021 01:46

** Shares of telecommunication services provider Spirit
Technology Solutions  ST1.AX  rise as much as 4.3% to A$0.245
    ** Stock on track for biggest intraday pct gain since Oct. 7
    ** Co to sell non-core consumer residential internet
business for A$5.1 mln ($3.78 mln) to Melbourne-based internet
services provider DGtek  urn:newsml:reuters.com:*:nASX14V3J8
    ** Says under the agreement, DGtek will acquire the consumer
business including the customer base and relevant infrastructure
assets
    ** Stock down ~41.3% this year, as of last close 
    
($1 = 1.3495 Australian dollars)

 (Reporting by Tejaswi Marthi in Bengaluru)
 ((tejaswi.marthi@thomsonreuters.com))