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Aussie Broadband Limited (ASX:ABB)

ALERT: Price-sensitive ASX Announcement for ABB
Current share price for ABB : $5.260 0.73 (16.11%)+
Announcement
Release
11 Feb 2026 8:32AM
Price at Release
$4.530
Full Release
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Summary
Aussie Broadband Limited has entered into an agreement to acquire the telecommunications business of AGL Energy Limited, known as AGL Telco. The acquisition, valued at $115 million to be paid in Aussie Broadband shares, aims to add approximately 350,000 broadband services and mobile connections to its customer base. This strategic acquisition is complemented by a long-term exclusive partnership with AGL, leveraging Aussie Broadband's infrastructure and AGL's market presence. The completion of the acquisition is expected in June 2026, with customer migration concluding by H1 FY27. This move is anticipated to make Aussie Broadband the third largest NBN service provider in Australia, significantly boosting its market presence and financial performance.
Key Points
  • Aussie Broadband to acquire AGL Telco, adding 350,000 broadband and mobile connections.
  • The acquisition is valued at $115 million in ABB shares.
  • Partnership with AGL to leverage network infrastructure and customer service.
  • Migration of customers expected to complete by H1 FY27.
  • Aussie Broadband to become the third largest NBN provider in Australia.
  • Acquisition expected to be EPS accretive in the first year post-migration.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.