Ultra-fast internet provider GigaComm secures $20.5m to roll out mmWave vision

 Endeavor Asset Management and Palisade Impact have backed ultra-fast internet provider GigaComm in a $20.5 million oversubscribed funding round that will support the telco’s foray into Brisbane and Canberra.  

The Melbourne-based outfit claims to deliver speeds up to a Gigabit per second, which is more than 10 times faster than the national download average in Australia. The network, which incorporates an optical fibre and fixed wireless technology known as mmWave, is completely independent and bypasses the National Broadband Network (NBN). 

mmWave is a short-range, high-frequency network technology delivered via small antennae, typically placed on the roofs of buildings. The frequencies are capable of carrying similar capacities to fibre, without the need to dig up streets and lay cables.

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