ABB.ASX: Strategic Transactions and Trading Update

Strategic Transactions and Trading Update

Stock	Aussie Broadband Ltd (ABB.ASX)
Release Time	15 Jun 2026, 8:30 a.m.
Price Sensitive	Yes

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Aussie Broadband Completes AGL Telco Acquisition, Migration Update

Key Points

AGL Telco acquisition completed, shares issued to AGL
Migration of AGL's 350,000 connections planned for Q2 FY27
More and Tangerine migration on track, expected to complete by June 2026

Full Summary

Aussie Broadband Ltd (ASX:ABB) announced the successful completion of its acquisition of AGL Energy Limited's (ASX:AGL) telecommunications business (AGL Telco), adding significant scale to its customer base. The migration of AGL's 350,000 NBN services and mobile connections is scheduled for Q2 FY27. Additionally, the migration of More and Tangerine Telecom customer connections is on track to be completed by the end of June 2026. The acquisition is expected to deliver $21 million in underlying EBITDA in the first 12 months post migration. The migration of More and Tangerine connections is expected to deliver $12 million in annualized underlying EBITDA from FY27.

Guidance

FY26 earnings expected in middle of $162M to $167M range, capex at upper end of $55M to $60M range

Outlook

The strategic transactions are expected to contribute immediately to earnings, with limited incremental capital requirements or execution risk post migration.