RealTime IT News

Chariot Expands Into Regional Australia

[May 23] Australian Stock Exchange-listed ISP Chariot Internet is set to gain a significant boost to its subscriber base with the signing of a contract to provide 10 new points of presence (POPs) in regional New South Wales (NSW).

The contract with the New England and Northwest Regional Development Board will bring the number of POPs around Australia up to 40, with the majority in regional areas.

Funding for the initiative will be provided by the Regional Telecommunications Infrastructure Fund (RTIF), which will donate more than AUS$750,000 (US$ 450,000) over five years towards the setup, establishment and running costs of the project.

The new POPs will be located in or around Mungindi, Boomi, Gravesend, Warialda, Tingha, Bundarra, Bingara, Walcha, Ebor and Pilliga.

The deal is in line with Chariot's prospectus target of 50,000 subscribers and is part of the company's strategy of developing through regional growth.

Earlier this month (see story) the company released its new High Reliability Network (HRN) technology, which Chariot expects will allow Australian businesses to have the same levels of Internet reliability and security enjoyed by international military organizations.