BSA Limited, an ASX listed telco company, is poised to make a big move into the EV charging market, which would make it the only telco company in Australia to do so. Co-CEOs Arno Becker and Richard Bartley are committed to meeting the increasing demand for EVs in Australia and expanding the charging infrastructure to accommodate those making the switch.
What’s Happening & Why This Matters
For the past 50 years, BSA has been known for providing fixed-line, wireless telco services, and smart metering services to some of Australia’s biggest brands such as NBN, Foxtel, and TPG. However, the company is now looking to diversify its offerings by venturing into the EV sector, with plans to install premium EV chargers in residential and commercial buildings. BSA also has intentions of expanding to nationwide public EV charging station installations in the near future.
These developments mark a turning point for BSA, as it seeks to capitalize on the growing EV market and broaden its service offerings to cater to the changing needs of consumers. The company’s strategic move into the EV sector is expected to have a significant impact on the future of EV charging infrastructure in Australia.
TF Summary: What’s Next
BSA Limited’s foray into the EV charging market signifies a milestone for the company as it seeks to meet the rising demand for EVs in Australia and expand its service offerings. This move has the potential to shape the future of EV charging infrastructure in the country and sets the stage for further EV growth and development.
Expect’s BSA move to play a pivotal role in shaping the Australian EV charging landscape.