AGLs Announcement Regarding Its Telecommunication Business
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| Stock | Superloop Ltd (SLC.ASX) |
|---|---|
| Release Time | 11 Feb 2026, 2:31 p.m. |
| Price Sensitive | Yes |
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Superloop Announces Potential Margin Impact from AGL Telecom Divestment
Key Points
- Superloop has an existing wholesale agreement with AGL's subsidiary Southern Phone Company
- AGL plans to divest its telecommunication business, leading to migration of subscribers in 1H27
- Potential gross margin impact of up to $4 million per annum if AGL fully reduces usage under the wholesale agreement
Full Summary
Superloop Limited (ASX:SLC) has announced that it has been informed of AGL Energy Limited's (AGL) intent to divest its telecommunication business. Superloop has an existing wholesale agreement to provide network and backhaul transit services with Southern Phone Company Limited, a subsidiary of AGL, which expires in June 2029. Based on AGL's announcement, the migration of subscribers from AGL's network is anticipated in the first half of 2027. Should AGL fully reduce its usage under the wholesale agreement following the completion of the migration, Superloop estimates the potential gross margin impact will be up to $4 million on an annualised basis.
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