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Tag: subscirption

  • Mad Paws to buy dog-treats subscription business Waggly Club

    Mad Paws to buy dog-treats subscription business Waggly Club

    Pet sitting and dog walking service Mad Paws is set to acquire dog-treats subscription retailer Waggly Club.

    Under the agreement, Mad Paws will buy 100 percent of the shares in Gasset Group, which owns Waggly Club, for $2 million in cash payable on completion and $1 million in Mad Paws fully paid ordinary shares. The acquisition is expected to be completed today.

    “We are always interested in strategic acquisitions that accelerate our growth and which fit into the Mad Paws strategy,” said Justus Hammer, CEO of Mad Paws. “The Waggly group perfectly complements Mad Paws not just from a product and strategy perspective but we share the same passion for helping pets to live their lives to the fullest.”

    Founded by Kate Herbert in 2016, Waggly Club provides monthly subscription boxes of Australian-made healthy dog treats and toys. Waggly Club revenue has surged from $800,000 to $1.5 million from FY 2020 to FY 2021.

    “As we look to our next horizon, my aim is to scale Waggly and reach more and more dogs and their fur parents each month,” said Kate Herbert, CEO and founder of Waggly Club.

    “Our products are complementary not only to the Mad Paws Dinner Bowl and Insurance offerings but also for distribution and promotion via the Mad Paws marketplace network.”

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  • 5G spending undeterred by economic downturn

    5G spending undeterred by economic downturn

    Fitch Ratings says telecom operators will continue putting money and resources on 5G investments over the intermediate term, even though revenue may materialize gradually.

    The agency attributes this to “fairly resilient top lines and the flexibility to reduce operating costs, or even dividends before capex, if necessary. This should not have negative credit implications due to substantial cash flow and balanced capital allocation for most issuers.”

    Wireless investment, particularly related to the densification of the network, continues to be an area of emphasis for telecom companies due to the strong demand for 4G LTE capacity for rapidly growing data services and to position networks for 5G’s arrival.

    5G is a strategic priority for the sector due to the internet of things growth and the highly competitive and evolving competitor landscape.

    Upgrades to networks are required to support increased speed and connectivity, and to maintain and grow market share.

    Fitch said the company anticipates that the path for 5G adoption will be more evolutionary than revolutionary. Network deployment must be completed and customers will need to assess the added benefit and cost of next generation technology.

    The ratings agency anticipates over 4 billion 5G subscriptions globally by 2028, representing around 45% of the global total.