Macquarie Telecom soars past $1b in blockbuster year

It's been a coming-of-age story for the 28-year-old business of Macquarie Telecom in 2020, with the telco turned technology company quietly outperforming most of its more flashy WAAAX stock peers.

With its share price surging more than 170 per cent to over $52 since March, the business recently surpassed the $1 billion market capitalisation milestone for the first time, cementing its place amongst the biggest local technology companies.