Regional telecommunication provider Field Solutions Holdings Limited has entered voluntary administration, with receivers appointed to oversee a sale or recapitalisation process.
The collapse comes despite the company’s most recent financial filings suggesting it was pursuing a capital raise and restructuring its operations.
The ASX-listed telco provides connectivity and business solutions for rural, regional, and remote areas of Australia.
It specialises in constructing and managing regional telecommunications infrastructure, offering services that range from strategic planning to full network operations and cloud optimisation.
Receivers take control
McGrathNicol partners Rob Smith and Matthew Hutton were appointed as receivers…
