Written on the 15 September 2009
Piper Networks CEO Bevan Slattery, says the company’s 46 per cent increase in profit is testament to a sound business model underpinned by growing demand, long term annuity contracts, investment in high growth assets and a continued focus on customer service.
“Whilst the company undertook some large capital investment programs over the past five years, shareholder returns have been our number one priority,” he says.
Earlier this year Slattery told Brisbane Business News how an undersea cable from Sydney to Guam would cut international internet connectivity costs in half. The PPC-1 Cable is expected to be launched October 8.