- Spirit Telecom has announced a raft of good news, including the successful completion of an $18.2M placement and three new acquisitions
- The IT companies Spirit has acquired include Altitude IT, Beachhead Group and Reliance Technology
- All of the companies are based in Sydney and the Central NSW, allowing Spirit to expand its market
- Meanwhile, the capital raise consists of the recently completed placement and a $5 million share placement plan
- The additional equity will used to fund more acquisitions, expand the company’s marketing and grow its SpiritX platform
- Shares in Spirit Telecom are trading up 8.11 per cent for 40 cents each
