Investors have their popcorn ready for the 5G network tussle as Telstra Corporation Ltd (ASX: TLS) and TPG Telecom Ltd (ASX: TPM) battle it out in a bidding war, but this small-cap connectivity player is the one to keep an eye on.
Megaport Ltd (ASX: MP1) shares have risen 72% from its share price of $2.20 at this time last year to $3.80 at the time of writing and according to an article in The Financial Review, the company provides "elastic connectivity" – allowing businesses to vary how much they need to use their data storage without installing physical infrastructure – a burgeoning niche.
The report focuses on Megaport's Bevan Slattery, a serial entrepreneur, and by the sounds of it, one with his finger on the pulse.
Slattery also heads up telco infrastructure company Superloop Ltd (ASX: SLC) and was the brains behind data centre operator Nextdc Ltd (ASX: NXT).
One thing is for sure, any company with Slattery behind it looks seems to be able to second-guess the next big thing and Megaport looks to be no exception to the rule.
