Navitas and iiNet alum David Buckingham is set to become chair of internet services-provider Pentanet ahead of its widely tipped ASX listing.
Pentanet had reportedly lined up brokerage firms Euroz Securities and Moelis Australia in March to undertake a $5 million pre-IPO raise.
The Balcatta-based company, which claims to provide internet speeds above what can be offered by the NBN, maintains a robust presence in Perth with coverage available to more than 80 per cent of the city’s metropolitan area.
He left the company in 2019 after it was acquired by a consortium led by BHC Capital, and was replaced as chief executive by Scott Jones, son of Navitas founder Rod Jones.
“From my experience, using the best technology available to deliver the best outcomes for customers leads to successful growth,” Mr Buckingham said.