Exetel Inks $40m Non-NBN High-Speed Deal With Telstra
SYDNEY – Broadband retailer Exetel has inked a $40 million deal with Telstra, broadband to business customers.
Exetel, founded by the late John Linton and now headed by CEO Richard Purdy, says the deal consolidates its position as Australia’s third-largest purchaser of Telstra Wholesale’s Ethernet access.
Said Purdy yesterday: “With a corporate customer base of more than 10,000 Australian companies, Exetel has seen the size of its corporate division increase by over 400 per cent in the past four years …
“Our corporate business is at an inflection point, driven by the inexorable growth in demand for reliable bandwidth from our corporate customers as they increasingly take up cloud-based services.”
Purdy added that Exetel had seen the average bandwidth of its business customers more than tripling over the past two years to 67Mbps.
He predicted this would exceed 100Mbps by the end of the 2018 financial year.