Aussie Broadband group managing director Phillip Britt hopes to win back some of the customers lost to rival Superloop with a new, cheap internet brand, Buddy Telco, after warning future earnings will be lower than expected.

Aussie Broadband’s shares slid 14 per cent to trade at $3.06 on Monday after the telco group said fiscal 2025 earnings would be between $125 million and $135 million, some $10 million lower than its previous forecast.