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Swoop Holdings Limited (ASX:SWP)

ALERT: Price-sensitive ASX Announcement for SWP
Current share price for SWP : $0.080 -0.006 (-6.98%)+
Announcement
Release
16 Jun 2026 9:16AM
Price at Release
$0.086
Full Release
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Summary
Swoop Holdings Limited, through its subsidiary Moose Mobile, has entered a Mobile Virtual Network Operator (MVNO) wholesale agreement with TPG Telecom Limited. This agreement, effective from 16 June 2026, allows Moose Mobile access to TPG's national mobile network on a wholesale basis. The partnership is expected to improve Swoop's gross margin by over 50% across the financial years 2027, 2028, and 2029, and aims to increase its mobile subscriber base from 135,000 to over 180,000 in the next three years. The launch of a new billing platform and eSIM technology will enhance the customer experience and support growth in residential, business, and wholesale segments.
Key Points
  • Swoop Holdings enters MVNO wholesale agreement with TPG Telecom.
  • Agreement provides access to TPG's national mobile network.
  • Expected gross margin improvement of over 50% for FY27, FY28, and FY29.
  • Aims to grow mobile subscribers from 135,000 to over 180,000.
  • Launch of new billing platform and eSIM for enhanced customer experience.
  • Partnership supports growth in residential, business, and wholesale segments.
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.