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Aussie Broadband Limited (ASX:ABB)

ALERT: Price-sensitive ASX Announcement for ABB
Current share price for ABB : $4.880 -0.69 (-12.39%)+
Announcement
Release
15 Jun 2026 8:30AM
Price at Release
$5.570
Full Release
download
Summary
Aussie Broadband Limited has successfully completed several strategic transactions including the acquisition of AGL Telco, which adds significant scale to its customer base and boosts earnings potential. The company is on track with the migration of connections from More and Tangerine Telecom by June 2026, expected to generate $12 million in annualized EBITDA from FY27. The sale of the Buddy Telco brand to Tangerine has also been finalized. These developments support Aussie Broadband’s Look-to-28 strategy, aimed at enhancing earnings quality and creating a more capital-light business model to sustain profitable growth. With a strong balance sheet and low net debt to EBITDA ratio, the company is positioned for future capital management initiatives and continued growth investment.
Key Points
  • Completion of AGL Telco acquisition.
  • Migration of More and Tangerine Telecom connections on track.
  • Sale of Buddy Telco brand to Tangerine completed.
  • Look-to-28 strategy focusing on improved earnings and capital-light model.
  • Strong balance sheet with low net debt to EBITDA ratio.
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.