Aussie Broadband Limited
ABB.ASXCommunication Services
Telecommunications services and products provider
Market Data
$4.580
-0.0%$1.5B
53.7x
$0.088
1.01%
-0.1%
Recent Announcements
Ceasing to be a substantial holder
State Street Corporation ceased to be a substantial holder.
Becoming a substantial holder from MQG
MQG became a substantial holder (5.09%).
Becoming a substantial holder
State Street Corporation became a substantial holder (5.43%).
Ceasing to be a substantial holder
State Street Corporation ceased to be a substantial holder.
Ceasing to be a substantial holder
Vanguard Group (The Vanguard Group, Inc. ceased to be a substantial holder.
Notice of Initial Substantial Holder from AGL
AGL became a substantial holder (6.98%).
Becoming a substantial holder
Aussie Broadband Limited became a substantial holder (9.23%).
Strategic Transactions and Trading Update
Aussie Broadband Limited (ASX:ABB) completed the acquisition of AGL Energy's telecommunications business, with AGL receiving $115 million in shares (approximately 7% stake), adding 350,000 NBN and mobile connections expected to migrate by Q2 FY27 and contribute $21 million in annualized EBITDA. The company also completed migrations of More Telecom and Tangerine Telecom customers (circa 275,000 connections, $12 million annualized EBITDA) and other strategic transactions, positioning it to become the third-largest NBN provider with over 1.3 million NBN connections.
Becoming a substantial holder
Vanguard Group (The Vanguard Group, Inc. became a substantial holder (5.031%).
ABB Half Year Results - Investor Presentation
Aussie Broadband delivered strong H1 FY26 results with underlying EBITDA up 13.5% to $74.7M and revenue growth of 8.4% to $637.8M. The company has secured major partnerships with More/Tangerine (290k connections) and AGL Telco (350k connections) that will significantly boost scale, positioning ABB to become Australia's third-largest NBN provider by end of 2026. Key points: Strong underlying EBITDA growth of 13.5% to $74.7M with margin improvement to 11.7%; Major partnerships secured: More/Tangerine (290k connections) and AGL Telco (350k connections) providing significant scale; NBN market share increased to 8.8%, positioned to become third-largest NBN provider by end of 2026
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