ABB +7.56%: the emerging telco was out with their 1st half results today, though it was largely pre-announced. They’re tracking well and maintained FY22 EBITDA guidance of $27-30m. NBN market share climbed to 5.7% continuing their above market growth. Talks with Over The Wire (OTW) continue, looking to wrap up the deal next month. The acquisition is expected to be hugely accretive for Aussie Broadband earnings, potentially lifting the combined EBITDA over $100m by FY23 with significant synergies and cross sell opportunities.
MM remains bullish and long ABB
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