Australia's Pentanet jumps on executing finance facility with Westpac

Pentanet

24/10/2022 02:22

** Shares of Australia's Pentanet  5GG.AX  rise as much as
10% to A$0.275, their highest since Oct. 17
    ** The wireless internet and data services provider enters
into agreements with Westpac  WBC.AX  for finance facilities
totaling A$5 million ($3.18 million)  urn:newsml:reuters.com:*:nASX5t6Z31
    ** Adds that facilities will fund the acquisition of capital
infrastructure
    ** Pentanet posts its biggest intraday pct gain since Sept.
19; the stock has fallen 52.8% this year, as of last close
    ** Westpac shares rise as much as 1.6% to A$24.11 
($1 = 1.5733 Australian dollars)
 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))