SWP.ASX: Mobile Wholesale Partnership with TPG Telecom

Mobile Wholesale Partnership with TPG Telecom

Stock	Swoop Holdings Ltd (SWP.ASX)
Release Time	16 Jun 2026, 9:16 a.m.
Price Sensitive	Yes

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Swoop Holdings Announces Mobile Wholesale Partnership with TPG Telecom

Key Points

Gross margin percentage improvement of +50% expected across FY27, FY28, and FY29
Subscriber growth expected to +180,000 over the next three years
Enhanced customer experience with new billing platform and eSIM launch

Full Summary

Swoop Holdings Limited (ASX: SWP) announced that its subsidiary, Moose Mobile, has entered into a Mobile Virtual Network Operator (MVNO) wholesale agreement with TPG Telecom Limited (ASX: TPG). The agreement, effective 16 June 2026, provides Moose Mobile with access to TPG's national mobile network, aiming to improve gross margins by 50% across FY27, FY28, and FY29. This partnership is expected to support the growth of Swoop's mobile subscriber base to over 180,000 subscribers within three years. The agreement also includes the deployment of a new billing platform and the launch of eSIM, enhancing the customer experience and supporting profitable growth across residential, business, and wholesale segments.

Guidance

Expected gross margin percentage improvement of +50% across FY27, FY28, and FY29

Outlook

Swoop Holdings expects to grow its mobile subscriber base to +180,000 subscribers over the next three years, driven by the new wholesale partnership with TPG Telecom.