Aussie Broadband Completes Acquisition of AGL Energy's Telco Business

MT Newswires Live06-15

Aussie Broadband (ASX:ABB) completed the acquisition of AGL Telco, AGL Energy's (ASX:AGL) telecommunications business, according to a Monday filing with the Australian bourse.

AGL received AU$115 worth of Aussie Broadband shares on completion of the transaction, representing roughly 22 million shares or around 7% of the company's issued capital, the filing said.

The company is also on track to complete the migration of connections under its wholesale services deal with More Telecom.

The company expects fiscal year 2026 earnings in the middle of the previously disclosed underlying earnings before interest, taxes, depreciation, and amortization guidance range of AU$162 million to AU$167 million.

Meanwhile, capital expenditure is anticipated to be at the upper end of the previously provided guidance range of between AU$55 million and AU$60 million, per the filing.

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