ASX Announcements
Update - Notification of buy-back - ABB
Daily Share Buy-Back Notice
Notification regarding unquoted securities - ABB
Appendix 3G (Notification of Issue, Conversion or Payment up of Unquoted Equity Securities)
Notification of cessation of securities - ABB
Appendix 3H (Notification of cessation of securities)
Update - Notification of buy-back - ABB
Daily Share Buy-Back Notice
Update - Notification of buy-back - ABB
Daily Share Buy-Back Notice
February
Aussie Broadband fights for share in ‘hot’ market
The company’s AI-powered budget brand Buddy Telco is not gaining as many new customers as expected because competitors have been cutting prices.
December 2024
A year of pain for Optus and Telstra means little telcos are winners
Superloop and Aussie Broadband have been taking share in the highly competitive broadband market as their larger rivals restructure and cut jobs.
October 2024
Australia’s fibre backbone race picks up speed
The Vocus Group’s $5 billion purchase of fibre networks reflects the intensifying competition among companies installing the cables that will handle data for the nation’s digital needs.
Young people, Telstra sceptics: How Boost CEO plans to grow telco
The pre-paid telco backed by Peter Adderton and Paul Keating claims to be gaining market share in an industry that CEO Jason Haynes says is riddled with too many choices.
August 2024
Aussie Broadband pays first dividend, cuts jobs
Aussie Broadband declared its first-ever dividend after it connected more customers to the internet, boosting annual net profit by 21 per cent.
Superloop is winning the race for value, CEO claims
Aggressive competition in the broadband market is benefiting the internet provider as people trade down to cheaper plans.
The co-founder of this $1b company was told he’d ‘never amount to anything’
Victoria’s Latrobe Valley, home to some of the country’s largest coal power plants, is an unlikely birthplace for Aussie Broadband and its managing director.
July 2024
M&A arb fund Harvest Lane keeps a ‘blacklist’ of boards to avoid
Investor Luke Cummings has made a name for himself (and money) by trading M&A activity. But one deal that he’s steering clear of is the $8.8 billion Chemist Warehouse and Sigma merger.
Aussie Broadband discount offshoot Buddy chases lost customers
Aussie Broadband is hoping to win back some of the customers lost to rival Superloop with a new, cheap internet brand, Buddy Telco.
Competition for broadband intensifies as consumers crack down on bills
Small telcos such as Superloop and Aussie Broadband have been stealing internet customers from Telstra, TPG Telecom and Optus as consumers shop around.
June 2024
Superloop directors wanted ‘firm response’ to Aussie Broadband breach
Superloop’s board discussed whether Aussie Broadband was “aware” it would breach Singaporean rules when it attempted a takeover earlier this year.
April 2024
Aussie Broadband to call Barrenjoey, Luminis in Superloop court battle
Investment bankers and Superloop directors and executives will be subpoenaed as witnesses in a Federal Court trial as Aussie Broadband continues to fight its rival over a forced share sale.
Aussie Broadband loads up $50m block trade in Superloop, taps Unified
Thanks to a court-set deadline, it was willing to part with the shares at $1.31 apiece or a circa 3 per cent discount to the last close.
March 2024
Aussie Broadband expected to sell Superloop stock after court setback
The two rival broadband providers are in the midst of a messy legal dispute after Aussie Broadband attempted to acquire its competitor.
Aussie Broadband shows how not to make a move on your rival
The spat between two telco rivals is going places you rarely see.
The exquisite timing of Aussie Broadband’s Superloop share raid
Nothing gets the blood pumping more than a good ol’ hostile takeover.
Aussie Broadband wants Superloop emails, WhatsApp messages
Aussie Broadband plans to serve a notice on Superloop directors in the next day or two, its legal counsel said in court.
Aussie Broadband alleges Superloop sell order ‘oppressive’
Aussie Broadband has taken rival internet broadband provider Superloop to court, claiming an order by the smaller company to slash its stake could cost it $3.7 million.
Singapore power brokers will decide Optus’ future
Optus’ parent Singtel will take advice from some of the most powerful people in Singapore as it considers selling part of the Australian telecommunications group.
February 2024
Superloop rejects Aussie Broadband’s $466m takeover bid
Superloop investors have backed the broadband internet group’s decision to turn down a $466 million approach from rival upstart telco Aussie Broadband.