Jump to content



Recommended Posts


Aussie Broadband Limited (ASX:ABB) notes the recent article in The Australian newspaper and confirms that it has commenced a period of exclusive discussions with Over the Wire Holdings Limited (ASX:OTW) regarding a possible combination of the two entities.   The discussions are preliminary and incomplete, and no agreement has been reached in relation to any transaction. There is no guarantee that any agreement will be reached or that a transaction will eventuate.

OTW in a Trading Halt; ABB up 6%

Link to comment
Share on other sites

  • 3 months later...
  • Replies 53
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

Posted Images

Over The Wire acquisition

On 2 December 2021, ABB announced that it had entered a Scheme Implementation Deed with Over the Wire Holdings Limited (ASX: OTW) under which it is proposed that ABB will acquire 100% of the share capital in OTW. The scheme booklet has been lodged with and approved by ASIC, authorised by the Federal Court and has been despatched to OTW shareholders. The Scheme meeting is scheduled to be held on 24 February 2022 and the Scheme is expected to be implemented following Federal Court approval in March 2022.

Quarterly highlights:

  • 2Q overall broadband connections increased 11% and business broadband connections increased 13% on the previous quarter. 
  • 2Q mobile services increased 9% from the previous quarter, 29,560 to 32,207 services. 
  • 2Q FY22 revenue grew 11% quarter on quarter (QoQ)
  • Wholesale and white label services increased by 188% including 8,725 white label migrations.
  • QoQ NBN CVC charges decreased by 45% over the previous quarter due to easing of lockdowns, and careful CVC management.

Half year result & full year guidance:

  • Based on preliminary, unaudited management accounts the company expects half year EBITDA to be approximately $9.1m excluding transaction costs associated with the Over the Wire (ASX:OTW) acquisition.
  • Full year EBITDA guidance of $27m to $30m (excluding transaction costs and contribution from OTW).
Link to comment
Share on other sites

  • 1 month later...

Home internet business Aussie Broadband has forecast between 580,000 and 590,000 active broadband connections by June 30, 2022.  It said it expected to make net customer additions between 85,000 and 95,000 over the six months .

Adjusted EBITDA is forecast to finish between $27 million and $30 million over H2 FY 2022 (has not changed since beginning of Feb)

Link to comment
Share on other sites

  • 1 month later...

the company comes out with (superficially) impressive numbers:

Aussie Broadband expects total active broadband connections at 30 June 2022 to be in the range of 580,000 to 585,000, and full year EBITDA (before transaction costs and excluding any contribution from Over the Wire) to be in the range of $27 million to $28 million.


  • Overall broadband services increased by 11 per cent in the third quarter,
  • Business broadband services rising 10 per cent on the previous quarter.
  • Wholesale and white label services increased by 91 per cent, from 27,286 to 52,125 services, which included remaining white label migrations.
  • Mobile services increased 9 per cent on the previous quarter, from 32,207 to 34,985 services.

but the commentary was probably less enthusiastic:


Call centre wait times increased during late February and March due to increased call volume as a result of white label migration work, some network outages generating large call volume and challenges in recruiting additional call centre staff. This has resulted in increased churn late in the quarter.

and; selling throughout the day with no rally or rebound. Down 28% to end on an eight month low of $4.00

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Create New...