ASX telco partners with US tech giant Nvidia in pioneering gaming deal

Gaming has come a long way since the days players were stuck to their TVs with cables.

| More on:
4 teenagers playing mobile game

Image source: Getty Images

Pentanet Ltd (ASX: 5GG) is breaking new ground for Australia’s virtual gaming enthusiasts.

The recently listed ASX telco delivers high-speed internet with next-generation internet speeds.

Below, we take a look at the company’s latest update.

What did Pentanet report?

In an update this morning Pentanet announced it is commencing its Beta Program for GeForce NOW.

GeForce NOW is a cloud-based game streaming service offered by US-based tech giant, NVIDIA Corporation (NASDAQ: NVDA)

Pentanet said its CloudGG portal’s scheduled launch of 7 pm AWST on 9 June marked the formal commencement of the first part of a three-stage rollout. The company expects to launch the service nationally in October.

According to the release, GeForce NOW Powered by Pentanet “will provide Australian subscribers with a high-quality cloud gaming service to almost any device”. The service will enable users to instantly play any game across devices. The company said that previously only high-end gaming PCs were able to deliver a similar gaming experience.

Commenting on the first part of the rollout, Pentanet founder and managing director Stephen Cornish said:

A staged and scalable approach, which adds new testers and new users over time, will enable Pentanet to build a GeForce NOW service that will attract a wide variety of gaming customers through a positive user experience.

Pentanet’s commitment to provide Australia’s gaming community with a user experience that is currently only enjoyed by their international counterparts will allow the company to access an untapped market.

Aussie data centre provider Nextdc Ltd‘s (ASX: NXT), P2 Perth and S2 Sydney data centres will support the underlying infrastructure deployment.

Pentanet share price snapshot

Pentanet first started trading on the ASX on 29 January this year. Since then the Pentanet share price is up 43%. By comparison, the All Ordinaries Index (ASX: XAO) has gained 10% over that same time.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of May 24th 2021

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended NVIDIA. The Motley Fool Australia has recommended NVIDIA. Bernd Struben does not own any of the shares mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Share Market News