Watch out Telstra, Optus -- Davnet gets corporates
- 11 December, 1998 12:01
A renewed telecommunications philosophy is the key to success for Victorian carrier, Davnet, a company executive claimed.
Specialists in installing "intelligent" building-wide corporate networks Davnet's executive director, Bill Liao said, "Telstra's future is [Davnet's] past".
According to Liao, despite a change in the telecommunications market, "the mentality of telecommunications carriers [Telstra and Optus] has not changed".
Davnet's approach to telecommunications, where it offers tenants of corporate buildings a faster and cheaper network with reduced call charges "sets [the company] apart" from Telstra and Optus whose philosophical approaches are "outdated", Liao said.
Liao said with four buildings in Melbourne and Sydney already signed up with 10-year licences, high profile customers such as ABN Amro are choosing Davnet over Telstra and Optus. According to Liao, Davnet provides building-wide networks for the Rialto building and 101 Collins Street in Melbourne and Grosvenor Place and the AMP building in Sydney and is installing networks in the Chifley Tower and Maritime centre as well as sites in Perth.
About 30 buildings have or are considering choosing Davnet's network solution and according to Liao, the company is hoping to roll out 12 buildings a month. Within 12 months, it is expected Davnet will have installed its network in 200 buildings in Melbourne, Sydney, Perth and Brisbane.
According to Liao, in an effort to raise funds for the network expansion, Davnet is preparing to requote on the Australian Stock Exchange on December 23.
Davnet is already listed on the ASX through its purchase by gold mining company, Golden Hills Mining (GHM). However, following a recent shareholder meeting, Davnet executives have gained full control of the entity providing the opportunity to change GHM's name to Davnet and raise around $2.4 million in funds, Liao said.
Liao said Davnet also has plans to franchise across Asia within the next 12 months.